Raymond James Trust N.A. Purchases Shares of 1,516 DoorDash, Inc. (NASDAQ:DASH)

Raymond James Trust N.A. acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,516 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Asset Management One Co. Ltd. grew its stake in DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after buying an additional 10,755 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of DoorDash by 930.5% during the second quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after acquiring an additional 610,388 shares during the period. Forsta AP Fonden boosted its holdings in shares of DoorDash by 18.6% during the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after acquiring an additional 10,100 shares during the period. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Finally, CWM LLC increased its stake in shares of DoorDash by 97.1% during the third quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after purchasing an additional 5,273 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Roth Mkm upped their price objective on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, August 5th. JMP Securities upped their price target on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Evercore ISI raised their price target on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price objective on shares of DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Bank of America raised their target price on shares of DoorDash from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.06.

DoorDash Price Performance

DASH opened at $178.44 on Friday. DoorDash, Inc. has a fifty-two week low of $92.58 and a fifty-two week high of $181.30. The company’s 50 day moving average price is $156.47 and its two-hundred day moving average price is $130.31. The firm has a market capitalization of $74.12 billion, a price-to-earnings ratio of -396.53, a PEG ratio of 13.77 and a beta of 1.67.

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

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Keith Yandell sold 5,509 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.24, for a total transaction of $970,906.16. Following the sale, the insider now owns 118,712 shares of the company’s stock, valued at approximately $20,921,802.88. This trade represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 546,262 shares of company stock worth $84,620,882. Insiders own 7.92% of the company’s stock.

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.