ORG Wealth Partners LLC Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

ORG Wealth Partners LLC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 212 shares of the company’s stock, valued at approximately $36,000.

Several other large investors have also recently made changes to their positions in DASH. Commonwealth Equity Services LLC increased its holdings in DoorDash by 34.5% during the second quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company’s stock worth $683,000 after buying an additional 1,611 shares during the last quarter. Private Advisor Group LLC grew its position in shares of DoorDash by 15.1% during the 2nd quarter. Private Advisor Group LLC now owns 17,062 shares of the company’s stock valued at $1,856,000 after acquiring an additional 2,232 shares during the period. Quest Partners LLC increased its stake in shares of DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares during the last quarter. Prudential PLC raised its holdings in shares of DoorDash by 91.4% in the 2nd quarter. Prudential PLC now owns 5,148 shares of the company’s stock worth $560,000 after purchasing an additional 2,459 shares during the period. Finally, Choreo LLC purchased a new position in DoorDash in the second quarter valued at approximately $465,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DASH. Bank of America increased their price target on DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Evercore ISI upped their price target on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wolfe Research increased their target price on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. 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 an average rating of “Moderate Buy” and an average target price of $172.79.

DoorDash Trading Down 2.1 %

Shares of DoorDash stock opened at $170.12 on Friday. The business’s 50-day moving average price is $172.80 and its 200-day moving average price is $143.21. The firm has a market capitalization of $70.67 billion, a PE ratio of -378.04, a price-to-earnings-growth ratio of 13.56 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $181.78.

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

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,334 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the completion of the transaction, the director now owns 18,089 shares in the company, valued at $2,710,274.87. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,032,694 shares of company stock valued at $175,964,786. Insiders own 7.92% of the company’s stock.

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.