MRA Advisory Group Invests $221,000 in DoorDash, Inc. (NASDAQ:DASH)

MRA Advisory Group purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,315 shares of the company’s stock, valued at approximately $221,000.

Other large investors have also recently modified their holdings of the company. Pallas Capital Advisors LLC increased its stake in DoorDash by 3.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after purchasing an additional 88 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of DoorDash during the fourth quarter valued at approximately $769,000. Wedmont Private Capital increased its position in shares of DoorDash by 4.0% during the fourth quarter. Wedmont Private Capital now owns 5,578 shares of the company’s stock valued at $949,000 after acquiring an additional 215 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $36,000. Finally, Franklin Street Advisors Inc. NC purchased a new position in DoorDash in the 4th quarter worth approximately $298,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,525. This represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $178.66, for a total value of $8,933,000.00. Following the completion of the sale, the director now directly owns 16,176 shares of the company’s stock, valued at $2,890,004.16. The trade was a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 919,321 shares of company stock worth $160,637,965. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DASH shares. Bank of America increased their target price on DoorDash from $168.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research upgraded DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, September 19th. Loop Capital upped their target price on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 price target on shares of DoorDash in a research note on Monday, October 7th. Finally, Wells Fargo & Company boosted their price objective on shares of DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $174.30.

DoorDash Price Performance

DoorDash stock opened at $168.37 on Tuesday. The firm’s 50 day moving average price is $173.31 and its 200-day moving average price is $144.48. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $181.78. The stock has a market cap of $69.94 billion, a P/E ratio of -374.16, a PEG ratio of 13.46 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS. As a group, equities analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

DoorDash 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.