United Asset Strategies Inc. Decreases Stake in DoorDash, Inc. (NASDAQ:DASH)

United Asset Strategies Inc. decreased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,491 shares of the company’s stock after selling 157 shares during the period. United Asset Strategies Inc.’s holdings in DoorDash were worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DASH. KBC Group NV raised its stake in shares of DoorDash by 23.0% in the 4th quarter. KBC Group NV now owns 50,492 shares of the company’s stock valued at $8,470,000 after acquiring an additional 9,454 shares during the period. Blue Trust Inc. increased its holdings in DoorDash by 37.0% in the 4th quarter. Blue Trust Inc. now owns 3,250 shares of the company’s stock valued at $545,000 after purchasing an additional 877 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in DoorDash in the fourth quarter valued at about $240,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of DoorDash during the fourth quarter worth about $69,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of DoorDash during the fourth quarter worth about $508,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Up 0.1 %

DASH opened at $183.32 on Monday. The business’s 50 day moving average is $174.13 and its 200-day moving average is $148.76. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $184.26.

DoorDash (NASDAQ:DASH) last announced its 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 firm 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 firm’s revenue for the quarter was up 25.0% on a year-over-year basis. As a group, equities research analysts forecast that DoorDash, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tony Xu sold 115,432 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $265,515. The trade was a 98.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ravi Inukonda sold 14,219 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $2,416,945.62. Following the transaction, the chief financial officer now directly owns 380,993 shares of the company’s stock, valued at approximately $64,761,190.14. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,019,333 shares of company stock valued at $177,556,541 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on DASH shares. Citigroup raised their target price on DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price objective on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Needham & Company LLC upped their target price on shares of DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price target on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna upped their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $176.97.

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.