Physician Wealth Advisors Inc. Buys 2,628 Shares of DoorDash, Inc. $DASH

Physician Wealth Advisors Inc. increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 2,208.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,747 shares of the company’s stock after purchasing an additional 2,628 shares during the period. Physician Wealth Advisors Inc.’s holdings in DoorDash were worth $504,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in shares of DoorDash by 352.8% in the third quarter. Nisa Investment Advisors LLC now owns 180,528 shares of the company’s stock worth $33,136,000 after buying an additional 140,659 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of DoorDash by 2,304.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock valued at $633,635,000 after acquiring an additional 3,308,512 shares during the period. Diversify Advisory Services LLC grew its stake in DoorDash by 121.5% during the third quarter. Diversify Advisory Services LLC now owns 34,249 shares of the company’s stock valued at $6,286,000 after acquiring an additional 18,789 shares in the last quarter. Blue Jean Financial LLC purchased a new position in DoorDash during the third quarter valued at approximately $1,041,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in DoorDash during the third quarter valued at approximately $203,000. Institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 19,505 shares of DoorDash stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $220.62, for a total transaction of $4,303,193.10. Following the completion of the sale, the chief financial officer directly owned 232,938 shares of the company’s stock, valued at approximately $51,390,781.56. The trade was a 7.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Tony Xu sold 29,567 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 95.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 393,998 shares of company stock worth $85,861,330. Company insiders own 44.90% of the company’s stock.

DoorDash Stock Performance

Shares of DASH opened at $191.67 on Wednesday. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $269.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market cap of $83.05 billion, a PE ratio of 100.35 and a beta of 1.90. The stock has a 50-day moving average price of $204.10 and a 200-day moving average price of $184.78.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on DASH shares. Loop Capital upped their target price on shares of DoorDash from $225.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Wedbush raised their price target on shares of DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Piper Sandler reissued a “neutral” rating and issued a $220.00 price target (up from $205.00) on shares of DoorDash in a report on Thursday, August 6th. Benchmark boosted their price target on shares of DoorDash from $270.00 to $295.00 in a research report on Thursday, August 6th. Finally, KeyCorp decreased their price target on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.95.

DoorDash Company Profile

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.