DoorDash, Inc. $DASH Shares Acquired by Vestcor Inc

Vestcor Inc raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 49.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,007 shares of the company’s stock after acquiring an additional 3,653 shares during the quarter. Vestcor Inc’s holdings in DoorDash were worth $2,994,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DASH. Physician Wealth Advisors Inc. boosted its holdings in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after buying an additional 138 shares in the last quarter. Rossby Financial LCC increased its holdings in DoorDash by 127.8% in the third quarter. Rossby Financial LCC now owns 164 shares of the company’s stock valued at $44,000 after buying an additional 92 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in DoorDash by 74.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after acquiring an additional 75 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in DoorDash in the third quarter valued at $50,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.52, for a total value of $6,675,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.53, for a total value of $10,105,087.30. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 204,159 shares of company stock worth $45,111,536 in the last ninety days. 5.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $275.00 target price on shares of DoorDash in a report on Thursday, February 19th. Citigroup reduced their price objective on DoorDash from $283.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wedbush boosted their price target on shares of DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Sanford C. Bernstein cut their price objective on DoorDash from $285.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Finally, BNP Paribas Exane began coverage on DoorDash in a research report on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.82.

DoorDash Stock Down 3.8%

Shares of DASH stock opened at $169.93 on Wednesday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s 50 day simple moving average is $194.30 and its 200 day simple moving average is $224.29. The company has a market capitalization of $73.82 billion, a price-to-earnings ratio of 80.16 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.DoorDash’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, research analysts predict that DoorDash, Inc. will post 2.22 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.