ORG Wealth Partners LLC Invests $36,000 in DoorDash, Inc. (NASDAQ:DASH)

ORG Wealth Partners LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 212 shares of the company’s stock, valued at approximately $36,000.

Several other large investors have also recently bought and sold shares of the stock. Franklin Street Advisors Inc. NC acquired a new stake in shares of DoorDash in the 4th quarter valued at approximately $298,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after purchasing an additional 84 shares during the last quarter. Fulton Bank N.A. lifted its holdings in DoorDash by 6.3% during the 4th quarter. Fulton Bank N.A. now owns 3,197 shares of the company’s stock valued at $536,000 after purchasing an additional 190 shares during the last quarter. Diversified Trust Co increased its holdings in shares of DoorDash by 34.0% in the fourth quarter. Diversified Trust Co now owns 11,749 shares of the company’s stock valued at $1,971,000 after purchasing an additional 2,978 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of DoorDash by 37.5% in the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after purchasing an additional 476,360 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $170.12 on Friday. The company has a market capitalization of $70.67 billion, a P/E ratio of -378.04, a price-to-earnings-growth ratio of 13.56 and a beta of 1.71. The company’s 50 day moving average price is $172.80 and its 200-day moving average price is $143.21. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $181.78.

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, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.19) earnings per share. Analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James started coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price target for the company. Evercore ISI boosted their target price on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Benchmark raised their price target on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Finally, UBS Group raised their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.79.

Insider Buying and Selling

In other news, CEO Tony Xu sold 81,249 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total value of $7,491,500.00. Following the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $2,710,274.87. The trade was a 73.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,032,694 shares of company stock valued at $175,964,786 over the last ninety days. 7.92% of the stock is owned by corporate insiders.

About DoorDash

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.