Ameritas Investment Partners Inc. Purchases 167 Shares of DoorDash, Inc. (NASDAQ:DASH)

Ameritas Investment Partners Inc. boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,920 shares of the company’s stock after acquiring an additional 167 shares during the period. Ameritas Investment Partners Inc.’s holdings in DoorDash were worth $1,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DASH. Spire Wealth Management purchased a new position in shares of DoorDash during the 1st quarter valued at $25,000. Venturi Wealth Management LLC grew its position in DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. ORG Partners LLC increased its stake in DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of DoorDash in the 1st quarter valued at about $42,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after acquiring an additional 307 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 3.0 %

NASDAQ:DASH traded down $3.13 during mid-day trading on Wednesday, hitting $102.63. 1,811,622 shares of the company traded hands, compared to its average volume of 3,933,749. The stock’s fifty day moving average price is $110.44 and its 200-day moving average price is $118.24. The firm has a market cap of $41.97 billion, a price-to-earnings ratio of -94.77, a price-to-earnings-growth ratio of 30.52 and a beta of 1.67. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.41) EPS. Equities analysts predict that DoorDash, Inc. will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. KeyCorp initiated coverage on shares of DoorDash in a research report on Thursday, July 11th. They issued a “sector weight” rating on the stock. Truist Financial decreased their price target on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of DoorDash in a research note on Thursday, May 2nd. JPMorgan Chase & Co. increased their target price on DoorDash from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, JMP Securities restated a “market outperform” rating and issued a $140.00 target price on shares of DoorDash in a report on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.60.

Insider Activity at DoorDash

In related news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total value of $916,650.00. Following the completion of the transaction, the chief financial officer now owns 384,425 shares of the company’s stock, valued at approximately $50,340,453.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total transaction of $916,650.00. Following the transaction, the chief financial officer now owns 384,425 shares in the company, valued at $50,340,453.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tony Xu sold 131,590 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 459,016 shares of company stock valued at $50,495,566. 7.92% of the stock is owned by corporate insiders.

About DoorDash

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.