DoorDash, Inc. $DASH Stock: Physician Wealth Advisors Inc. Increases Stake

Physician Wealth Advisors Inc. raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2,208.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,747 shares of the company’s stock after purchasing an additional 2,628 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in DoorDash were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DASH. Activest Wealth Management raised its stake in shares of DoorDash by 892.9% during the 3rd quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after purchasing an additional 125 shares during the period. Washington Trust Advisors Inc. boosted its holdings in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after buying an additional 64 shares during the last quarter. Clark Wealth Partners grew its position in DoorDash by 833.3% during the third quarter. Clark Wealth Partners now owns 196 shares of the company’s stock valued at $36,000 after buying an additional 175 shares during the period. CENTRAL TRUST Co grew its position in DoorDash by 269.4% during the first quarter. CENTRAL TRUST Co now owns 266 shares of the company’s stock valued at $40,000 after buying an additional 194 shares during the period. Finally, Ascentis Independent Advisors bought a new position in DoorDash during the first quarter valued at about $55,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on DASH. Loop Capital lifted their price objective on shares of DoorDash from $225.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Scotiabank started coverage on shares of DoorDash in a research note on Wednesday, September 9th. They issued a “sector outperform” rating and a $275.00 target price on the stock. UBS Group reissued a “buy” rating and set a $295.00 target price on shares of DoorDash in a research report on Tuesday, September 8th. The Goldman Sachs Group decreased their price target on shares of DoorDash from $280.00 to $275.00 in a research note on Thursday, August 6th. Finally, Rosenblatt Securities assumed coverage on shares of DoorDash in a report on Tuesday, September 1st. They issued a “buy” rating and a $270.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $254.95.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 19,505 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $220.62, for a total value of $4,303,193.10. Following the sale, the chief financial officer owned 232,938 shares of the company’s stock, valued at $51,390,781.56. The trade was a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andy Fang sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total transaction of $3,424,650.00. 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. Over the last three months, insiders have sold 393,998 shares of company stock valued at $85,861,330. 44.90% of the stock is currently owned by insiders.

DoorDash Stock Down 1.0%

DASH stock opened at $191.67 on Wednesday. The stock has a fifty day moving average of $204.10 and a 200-day moving average of $184.78. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $269.00. The company has a market capitalization of $83.05 billion, a price-to-earnings ratio of 100.35 and a beta of 1.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, equities research analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current year.

About DoorDash

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.