MFA Wealth Advisors LLC Has $125,000 Holdings in DoorDash, Inc. (NASDAQ:DASH)

MFA Wealth Advisors LLC lowered its holdings in DoorDash, Inc. (NASDAQ:DASH) by 50.0% in the third quarter, Holdings Channel reports. The firm owned 875 shares of the company’s stock after selling 875 shares during the quarter. MFA Wealth Advisors LLC’s holdings in DoorDash were worth $125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its stake in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after buying an additional 132 shares during the last quarter. Headlands Technologies LLC bought a new stake in DoorDash during the second quarter worth about $32,000. Versant Capital Management Inc raised its holdings in DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares in the last quarter. ORG Partners LLC boosted its position in DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Quest Partners LLC grew its stake in DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Down 1.1 %

Shares of DoorDash stock opened at $150.92 on Thursday. The firm’s 50-day moving average price is $136.33 and its two-hundred day moving average price is $123.07. The company has a market capitalization of $61.71 billion, a price-to-earnings ratio of -139.74, a PEG ratio of 425.82 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $154.16.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the business earned ($0.44) earnings per share. The business’s revenue was up 23.3% compared to the same quarter last year. On average, sell-side analysts expect that DoorDash, Inc. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

DASH has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. 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. BTIG Research upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, September 19th. Barclays raised their target price on shares of DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Oppenheimer boosted their price target on DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.34.

Insider Activity

In related news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $106.64, for a total transaction of $746,480.00. Following the completion of the sale, the chief financial officer now directly owns 417,223 shares in the company, valued at $44,492,660.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total value of $746,480.00. Following the sale, the chief financial officer now directly owns 417,223 shares in the company, valued at approximately $44,492,660.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 390,710 shares of company stock worth $54,472,120. Insiders own 7.92% of the company’s stock.

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.