Stratos Wealth Partners LTD. Has $303,000 Stock Holdings in DoorDash, Inc. $DASH

Stratos Wealth Partners LTD. decreased its position in DoorDash, Inc. (NASDAQ:DASH) by 19.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,230 shares of the company’s stock after selling 293 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in DoorDash were worth $303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares during the period. GAMMA Investing LLC grew its position in shares of DoorDash by 70.4% in the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company’s stock valued at $351,000 after purchasing an additional 794 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of DoorDash by 14.4% in the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company’s stock worth $299,000 after purchasing an additional 206 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of DoorDash during the 1st quarter worth about $324,000. Finally, Moran Wealth Management LLC bought a new stake in DoorDash during the 1st quarter valued at approximately $231,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Up 1.4%

Shares of DoorDash stock opened at $258.15 on Friday. DoorDash, Inc. has a 52-week low of $152.26 and a 52-week high of $285.50. The firm has a market capitalization of $110.28 billion, a PE ratio of 143.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The company’s fifty day moving average price is $259.75 and its two-hundred day moving average price is $232.56.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.38) EPS. On average, analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Activity at DoorDash

In other news, COO Prabir Adarkar sold 24,968 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total value of $6,799,285.76. Following the completion of the transaction, the chief operating officer directly owned 909,579 shares of the company’s stock, valued at approximately $247,696,553.28. This represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $277.47, for a total value of $346,837.50. Following the transaction, the director owned 37,252 shares of the company’s stock, valued at $10,336,312.44. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 932,156 shares of company stock valued at $233,565,302. Corporate insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DASH. Guggenheim raised DoorDash to a “strong-buy” rating in a research report on Wednesday, October 15th. Zacks Research raised shares of DoorDash from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. KeyCorp reissued an “overweight” rating and issued a $325.00 price target (up from $295.00) on shares of DoorDash in a report on Thursday, August 7th. Citigroup restated an “outperform” rating on shares of DoorDash in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. upgraded shares of DoorDash from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $175.00 to $325.00 in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $287.79.

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.