DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 36.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,156 shares of the company’s stock after purchasing an additional 6,514 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in DoorDash were worth $4,052,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DASH. Rakuten Securities Inc. increased its stake in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in DoorDash during the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB increased its position in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of DoorDash in the 3rd quarter valued at about $54,000. Finally, Quarry LP bought a new position in shares of DoorDash during the second quarter worth about $60,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on DASH. Morgan Stanley boosted their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Oppenheimer upped their price target on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Barclays raised their price objective on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and set a $200.00 target price on shares of DoorDash in a research note on Thursday, January 2nd. Finally, Citigroup raised their price target on shares of DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.97.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $168.53, for a total transaction of $3,370,600.00. Following the completion of the transaction, the chief operating officer now owns 925,222 shares in the company, valued at $155,927,663.66. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,019,333 shares of company stock valued at $177,556,541 in the last quarter. Corporate insiders own 7.92% of the company’s stock.

DoorDash Trading Down 0.2 %

Shares of DoorDash stock opened at $177.68 on Thursday. The company has a market cap of $73.81 billion, a price-to-earnings ratio of -394.84, a PEG ratio of 1.80 and a beta of 1.71. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $181.78. The company’s fifty day simple moving average is $173.66 and its 200-day simple moving average is $147.42.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company 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 firm posted ($0.19) EPS. The business’s revenue was up 25.0% compared to the same quarter last year. As a group, research analysts forecast that DoorDash, Inc. will post 0.27 earnings per share 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.