MRA Advisory Group Purchases New Holdings in DoorDash, Inc. (NASDAQ:DASH)

MRA Advisory Group acquired a new position in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,315 shares of the company’s stock, valued at approximately $221,000.

Several other large investors have also modified their holdings of DASH. Brighton Jones LLC lifted its stake in shares of DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after acquiring an additional 82 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in DoorDash by 0.7% in the fourth 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 period. Pallas Capital Advisors LLC lifted its position in shares of DoorDash by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after purchasing an additional 88 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of DoorDash by 1.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock valued at $1,169,000 after purchasing an additional 91 shares during the period. Finally, E Fund Management Co. Ltd. grew its holdings in shares of DoorDash by 3.5% in the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,375. The trade was a 98.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $179.76, for a total value of $1,258,320.00. Following the sale, the chief financial officer now directly owns 373,993 shares in the company, valued at approximately $67,228,981.68. This trade represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 919,321 shares of company stock worth $160,637,965 over the last quarter. Insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of research analyst reports. KeyCorp lifted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Truist Financial increased their price objective on DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 target price on shares of DoorDash in a research report on Thursday, January 2nd. The Goldman Sachs Group increased their price target on DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 price objective on shares of DoorDash in a report on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.30.

DoorDash Price Performance

Shares of DASH opened at $168.37 on Tuesday. The company’s fifty day moving average price is $173.31 and its 200-day moving average price is $144.48. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $181.78. The firm has a market capitalization of $69.94 billion, a PE ratio of -374.16, a price-to-earnings-growth ratio of 13.46 and a beta of 1.71.

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

DoorDash Company Profile

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.