3,830 Shares in DoorDash, Inc. $DASH Purchased by Three Seasons Wealth LLC

Three Seasons Wealth LLC acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, HoldingsChannel reports. The firm acquired 3,830 shares of the company’s stock, valued at approximately $1,042,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in DoorDash by 17.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,469 shares of the company’s stock valued at $451,000 after buying an additional 370 shares during the period. CreativeOne Wealth LLC acquired a new position in DoorDash in the 1st quarter valued at $422,000. State of Wyoming raised its position in DoorDash by 73.7% during the 1st quarter. State of Wyoming now owns 1,940 shares of the company’s stock worth $355,000 after buying an additional 823 shares during the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of DoorDash in the 1st quarter worth $26,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Performance

DASH opened at $233.95 on Monday. The stock has a market cap of $100.83 billion, a P/E ratio of 118.76 and a beta of 1.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s 50 day simple moving average is $224.37 and its 200 day simple moving average is $241.25. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Prabir Adarkar sold 30,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $234.57, for a total value of $7,037,100.00. Following the sale, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at approximately $205,044,674.10. This represents a 3.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $231.97, for a total transaction of $330,557.25. Following the transaction, the chief financial officer owned 184,037 shares of the company’s stock, valued at $42,691,062.89. This trade represents a 0.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 661,647 shares of company stock worth $146,203,968. 5.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of DoorDash from $301.00 to $239.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Citigroup reiterated a “market outperform” rating on shares of DoorDash in a research report on Monday, November 24th. Zacks Research downgraded DoorDash from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Truist Financial lifted their price target on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Wedbush upped their price objective on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $275.74.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.