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DoorDash, Inc. (NYSE:DASH) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in shares of DoorDash, Inc. (NYSE:DASHGet Rating) by 16,080.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 809 shares of the company’s stock after buying an additional 804 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DoorDash were worth $95,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DASH. Cambridge Investment Research Advisors Inc. increased its holdings in shares of DoorDash by 4.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,954 shares of the company’s stock worth $440,000 after buying an additional 122 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in DoorDash by 4.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 9,407 shares of the company’s stock valued at $1,401,000 after purchasing an additional 407 shares in the last quarter. American Century Companies Inc. increased its holdings in DoorDash by 48.8% in the 4th quarter. American Century Companies Inc. now owns 3,755 shares of the company’s stock valued at $559,000 after purchasing an additional 1,232 shares in the last quarter. Victory Capital Management Inc. increased its holdings in DoorDash by 29.8% in the 4th quarter. Victory Capital Management Inc. now owns 19,429 shares of the company’s stock valued at $2,893,000 after purchasing an additional 4,457 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in DoorDash by 15.3% in the 4th quarter. Northern Trust Corp now owns 858,704 shares of the company’s stock valued at $127,861,000 after purchasing an additional 113,818 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DASH. Royal Bank of Canada upped their price objective on shares of DoorDash from $94.00 to $100.00 in a research report on Friday, August 5th. Needham & Company LLC upped their price objective on shares of DoorDash from $100.00 to $115.00 in a research report on Friday, August 5th. Sanford C. Bernstein began coverage on shares of DoorDash in a research report on Monday, May 23rd. They issued a “top pick” rating and a $90.00 price objective for the company. Susquehanna Bancshares reduced their price target on shares of DoorDash from $145.00 to $100.00 in a research report on Friday, May 6th. Finally, Susquehanna reduced their price target on shares of DoorDash from $145.00 to $100.00 in a research report on Friday, May 6th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.70.

Insider Activity at DoorDash

In related news, insider Keith Yandell sold 12,960 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $63.78, for a total transaction of $826,588.80. Following the transaction, the insider now owns 259,999 shares in the company, valued at $16,582,736.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Keith Yandell sold 12,960 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $63.78, for a total transaction of $826,588.80. Following the completion of the sale, the insider now directly owns 259,999 shares in the company, valued at $16,582,736.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Prabir Adarkar sold 62,051 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $63.76, for a total transaction of $3,956,371.76. Following the sale, the chief financial officer now owns 787,128 shares of the company’s stock, valued at $50,187,281.28. The disclosure for this sale can be found here. Insiders have sold 132,284 shares of company stock worth $8,550,662 over the last quarter. 15.54% of the stock is currently owned by company insiders.

DoorDash Price Performance

NYSE DASH opened at $61.66 on Friday. DoorDash, Inc. has a 12 month low of $56.67 and a 12 month high of $257.25. The firm has a market capitalization of $21.66 billion, a PE ratio of -31.62 and a beta of 1.18. The company’s 50 day simple moving average is $71.15 and its 200 day simple moving average is $82.79.

DoorDash (NYSE:DASHGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.33). DoorDash had a negative net margin of 12.16% and a negative return on equity of 12.82%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned ($0.30) EPS. DoorDash’s revenue was up 30.1% compared to the same quarter last year. Sell-side analysts anticipate that DoorDash, Inc. will post -2.36 earnings per share for the current fiscal year.

About DoorDash

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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