Wedmont Private Capital Has $383,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Wedmont Private Capital boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,803 shares of the company’s stock after purchasing an additional 327 shares during the period. Wedmont Private Capital’s holdings in DoorDash were worth $383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in DoorDash by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of DoorDash by 6.4% in the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after buying an additional 772,977 shares during the period. Capital World Investors increased its stake in shares of DoorDash by 0.6% in the fourth quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock valued at $929,145,000 after buying an additional 60,033 shares during the period. First Trust Advisors LP increased its stake in shares of DoorDash by 45.6% in the fourth quarter. First Trust Advisors LP now owns 3,079,083 shares of the company’s stock valued at $304,490,000 after buying an additional 964,860 shares during the period. Finally, Norges Bank acquired a new stake in shares of DoorDash in the fourth quarter valued at about $264,806,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $139.09, for a total transaction of $9,319,030.00. Following the sale, the director now directly owns 36,482 shares in the company, valued at $5,074,281.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DoorDash news, Director Andy Fang sold 67,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $139.09, for a total value of $9,319,030.00. Following the completion of the sale, the director now directly owns 36,482 shares of the company’s stock, valued at $5,074,281.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the sale, the director now directly owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 548,613 shares of company stock worth $68,171,311. 7.92% of the stock is owned by company insiders.

DoorDash Stock Performance

DASH stock opened at $113.88 on Friday. DoorDash, Inc. has a twelve month low of $69.90 and a twelve month high of $143.34. The stock’s 50 day moving average is $118.13 and its 200-day moving average is $116.60.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. DoorDash’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the company posted ($0.41) earnings per share. As a group, equities analysts predict that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DASH. Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $127.00 in a research note on Friday, March 15th. Wells Fargo & Company increased their price target on DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Roth Mkm decreased their price target on DoorDash from $121.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their target price on DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Citigroup raised their target price on DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.79.

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.