Icon Wealth Advisors LLC Purchases 189 Shares of DoorDash, Inc. (NASDAQ:DASH)

Icon Wealth Advisors LLC increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 8.8% in the 3rd quarter, Holdings Channel reports. The fund owned 2,336 shares of the company’s stock after buying an additional 189 shares during the quarter. Icon Wealth Advisors LLC’s holdings in DoorDash were worth $333,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DASH. Lazard Asset Management LLC boosted its holdings in DoorDash by 18,975.0% in the first quarter. Lazard Asset Management LLC now owns 2,289 shares of the company’s stock worth $314,000 after acquiring an additional 2,277 shares in the last quarter. Comerica Bank grew its position in DoorDash by 8.9% during the 1st quarter. Comerica Bank now owns 20,159 shares of the company’s stock valued at $2,776,000 after purchasing an additional 1,650 shares during the last quarter. Atria Investments Inc bought a new stake in DoorDash during the 1st quarter valued at about $1,337,000. Cetera Advisors LLC lifted its stake in shares of DoorDash by 40.8% in the first quarter. Cetera Advisors LLC now owns 3,100 shares of the company’s stock worth $427,000 after buying an additional 898 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of DoorDash by 15.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 43,640 shares of the company’s stock valued at $5,987,000 after buying an additional 5,779 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DASH. Piper Sandler increased their target price on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Roth Mkm boosted their price objective on shares of DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Oppenheimer boosted their target price on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. BTIG Research upgraded DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Thursday, September 19th. Finally, Mizuho upped their price target on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $166.06.

DoorDash Trading Up 1.1 %

Shares of NASDAQ DASH opened at $180.48 on Friday. The stock has a market capitalization of $74.97 billion, a price-to-earnings ratio of -401.07, a P/E/G ratio of 13.72 and a beta of 1.67. DoorDash, Inc. has a 12-month low of $92.58 and a 12-month high of $181.30. The firm’s 50-day moving average price is $157.29 and its 200-day moving average price is $130.64.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the company earned ($0.19) earnings per share. DoorDash’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts predict that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Keith Yandell sold 5,509 shares of DoorDash stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.24, for a total transaction of $970,906.16. Following the completion of the sale, the insider now directly owns 118,712 shares in the company, valued at approximately $20,921,802.88. This trade represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 108,334 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $270,105. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 654,596 shares of company stock valued at $104,128,585. Company insiders own 7.92% of the company’s stock.

DoorDash Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.