Vestcor Inc Acquires 6,175 Shares of DoorDash, Inc. $DASH

Vestcor Inc raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 56.1% in the fourth quarter, HoldingsChannel reports. The firm owned 17,182 shares of the company’s stock after buying an additional 6,175 shares during the quarter. Vestcor Inc’s holdings in DoorDash were worth $3,891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Keel Point LLC raised its position in DoorDash by 4.3% during the 3rd quarter. Keel Point LLC now owns 1,393 shares of the company’s stock valued at $379,000 after purchasing an additional 58 shares during the last quarter. Petra Financial Advisors Inc. raised its position in DoorDash by 2.2% during the 3rd quarter. Petra Financial Advisors Inc. now owns 2,764 shares of the company’s stock valued at $752,000 after purchasing an additional 59 shares during the last quarter. CYBER HORNET ETFs LLC raised its position in DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after purchasing an additional 60 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in DoorDash by 8.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 843 shares of the company’s stock valued at $229,000 after purchasing an additional 63 shares during the last quarter. Finally, Vise Technologies Inc. raised its position in DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 2.0%

DASH stock opened at $156.80 on Friday. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The business’s 50 day moving average price is $162.40 and its two-hundred day moving average price is $185.84. 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 company has a market capitalization of $68.32 billion, a price-to-earnings ratio of 74.67 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, analysts forecast that DoorDash, Inc. will post 2.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on DASH shares. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Susquehanna lowered their price target on DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research report on Friday, May 8th. The Goldman Sachs Group set a $280.00 price target on DoorDash in a research report on Thursday, May 7th. Citizens Jmp lowered their price target on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research report on Friday, February 20th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $275.00 target price on shares of DoorDash in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.58.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the transaction, the chief operating officer owned 959,076 shares in the company, valued at approximately $148,896,549. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the completion of the sale, the general counsel owned 128,216 shares in the company, valued at $20,615,850.64. The trade was a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 69,808 shares of company stock worth $11,135,403. Company insiders own 5.83% of the company’s stock.

DoorDash Company 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.