Western Financial Corp CA Has $1.78 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Western Financial Corp CA grew its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 20.7% during the first quarter, HoldingsChannel.com reports. The firm owned 9,733 shares of the company’s stock after purchasing an additional 1,666 shares during the period. DoorDash makes up approximately 1.0% of Western Financial Corp CA’s portfolio, making the stock its 22nd biggest holding. Western Financial Corp CA’s holdings in DoorDash were worth $1,779,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in shares of DoorDash by 4.2% during the first quarter. Sequoia Financial Advisors LLC now owns 5,169 shares of the company’s stock valued at $945,000 after purchasing an additional 208 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of DoorDash by 1.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 575,999 shares of the company’s stock worth $105,275,000 after acquiring an additional 8,769 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of DoorDash by 108.0% in the first quarter. Golden State Wealth Management LLC now owns 965 shares of the company’s stock worth $176,000 after acquiring an additional 501 shares during the period. Bessemer Group Inc. lifted its stake in shares of DoorDash by 0.6% in the first quarter. Bessemer Group Inc. now owns 621,574 shares of the company’s stock worth $113,605,000 after acquiring an additional 3,797 shares during the period. Finally, Spire Wealth Management lifted its stake in shares of DoorDash by 732.3% in the first quarter. Spire Wealth Management now owns 5,302 shares of the company’s stock worth $969,000 after acquiring an additional 4,665 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Down 1.5%

NASDAQ DASH opened at $232.68 on Thursday. The company has a market cap of $98.60 billion, a price-to-earnings ratio of 302.19 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $238.47. The business has a 50 day moving average price of $203.65 and a 200-day moving average price of $190.41.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the completion of the sale, the chief operating officer now owns 887,348 shares in the company, valued at approximately $164,674,041.84. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 30,000 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00. Following the sale, the director now owns 22,545 shares of the company’s stock, valued at $4,903,988.40. This trade represents a 57.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 332,127 shares of company stock worth $67,346,994. 5.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DASH has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed a “hold” rating on shares of DoorDash in a research note on Monday, March 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on DoorDash from $205.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company cut their price objective on DoorDash from $201.00 to $198.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of DoorDash in a research note on Tuesday, April 29th. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.76.

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.