DoorDash, Inc. (NASDAQ:DASH) Stake Increased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 7,715.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,721 shares of the company’s stock after purchasing an additional 136,946 shares during the period. DoorDash makes up 1.8% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 18th biggest position. Franklin Street Advisors Inc. NC’s holdings in DoorDash were worth $25,354,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of DoorDash by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 93,382 shares of the company’s stock worth $15,665,000 after acquiring an additional 2,596 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company’s stock worth $323,000 after acquiring an additional 512 shares in the last quarter. Truist Financial Corp raised its holdings in shares of DoorDash by 35.1% during the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company’s stock worth $1,442,000 after acquiring an additional 2,233 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of DoorDash by 26.9% during the fourth quarter. Allworth Financial LP now owns 840 shares of the company’s stock worth $149,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the sale, the director now directly owns 22,545 shares of the company’s stock, valued at $4,903,988.40. This trade represents a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Keith Yandell sold 5,410 shares of DoorDash stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $204.53, for a total value of $1,106,507.30. Following the sale, the insider now directly owns 104,922 shares in the company, valued at approximately $21,459,696.66. This trade represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 298,030 shares of company stock valued at $59,433,406 over the last three months. 5.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DASH has been the subject of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $210.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. Oppenheimer reiterated a “hold” rating on shares of DoorDash in a report on Monday, March 10th. Needham & Company LLC increased their price objective on DoorDash from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Morgan Stanley cut their price objective on DoorDash from $245.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.62.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $214.97 on Wednesday. The company has a market cap of $91.09 billion, a P/E ratio of 796.19 and a beta of 1.67. The stock’s 50-day moving average is $193.35 and its 200-day moving average is $187.04. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $220.88.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted ($0.06) earnings per share. As a group, equities analysts predict that DoorDash, Inc. will post 2.22 EPS for the current 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.