Ameritas Advisory Services LLC Makes New $90,000 Investment in DoorDash, Inc. $DASH

Ameritas Advisory Services LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 366 shares of the company’s stock, valued at approximately $90,000.

Other institutional investors have also recently bought and sold shares of the company. Night Squared LP acquired a new stake in DoorDash during the 1st quarter worth $2,780,000. Mutual of America Capital Management LLC acquired a new stake in DoorDash during the 1st quarter worth $7,200,000. Public Investment Fund grew its holdings in DoorDash by 68.3% during the 1st quarter. Public Investment Fund now owns 821,389 shares of the company’s stock worth $150,125,000 after acquiring an additional 333,369 shares during the period. Ardmore Road Asset Management LP grew its holdings in DoorDash by 6.7% during the 1st quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock worth $14,622,000 after acquiring an additional 5,000 shares during the period. Finally, Junto Capital Management LP acquired a new position in shares of DoorDash in the 1st quarter valued at $29,261,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $247.11, for a total transaction of $11,221,265.10. Following the completion of the transaction, the director directly owned 26,070 shares in the company, valued at $6,442,157.70. This represents a 63.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Prabir Adarkar sold 41,881 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the transaction, the chief operating officer owned 914,547 shares of the company’s stock, valued at approximately $224,813,943.54. This represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,001,054 shares of company stock valued at $249,511,188. Corporate insiders own 5.83% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $266.02 on Friday. The company has a fifty day moving average price of $258.41 and a 200 day moving average price of $226.73. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 1-year low of $143.37 and a 1-year high of $285.08. The firm has a market cap of $113.64 billion, a PE ratio of 147.79 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the business posted ($0.38) EPS. The company’s quarterly revenue was up 24.9% on a year-over-year basis. Research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup reissued an “outperform” rating on shares of DoorDash in a report on Thursday, August 7th. Mizuho set a $350.00 price target on shares of DoorDash and gave the company an “outperform” rating in a report on Monday, September 29th. Truist Financial boosted their price target on shares of DoorDash from $272.00 to $326.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Roth Capital boosted their price target on shares of DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $330.00 price target on shares of DoorDash in a report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $275.27.

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.