Prospera Financial Services Inc Has $295,000 Holdings in DoorDash, Inc. $DASH

Prospera Financial Services Inc lessened its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 89.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,303 shares of the company’s stock after selling 11,300 shares during the period. Prospera Financial Services Inc’s holdings in DoorDash were worth $295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its holdings in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the period. Eastern Bank lifted its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in DoorDash in the 4th quarter valued at approximately $29,000. Sunbelt Securities Inc. grew its stake in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of DoorDash during the third quarter worth $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 21,739 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the sale, the chief operating officer directly owned 959,076 shares of the company’s stock, valued at approximately $148,896,549. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $160.79, for a total transaction of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares in the company, valued at $20,615,850.64. This trade represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,808 shares of company stock worth $11,135,403 in the last ninety days. 5.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DASH shares. Cantor Fitzgerald decreased their target price on shares of DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Stifel Nicolaus reduced their price target on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a report on Monday, April 13th. DA Davidson reduced their price target on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Benchmark raised their price target on shares of DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, Piper Sandler lowered their price objective on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $259.58.

DoorDash Price Performance

Shares of DoorDash stock opened at $164.78 on Tuesday. The company has a fifty day moving average of $162.32 and a 200-day moving average of $186.94. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $71.80 billion, a price-to-earnings ratio of 78.47 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the business posted $0.44 EPS. The firm’s revenue was up 33.1% compared to the same quarter last year. Equities research analysts expect that DoorDash, Inc. will post 2.45 EPS for the current year.

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.