DoorDash, Inc. $DASH Stock Position Lifted by PDS Planning Inc

PDS Planning Inc boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 25.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,692 shares of the company’s stock after purchasing an additional 339 shares during the period. PDS Planning Inc’s holdings in DoorDash were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after purchasing an additional 8,073,882 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in DoorDash by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock valued at $897,031,000 after purchasing an additional 641,601 shares in the last quarter. Invesco Ltd. grew its position in DoorDash by 41.9% during the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock valued at $877,269,000 after purchasing an additional 1,416,194 shares in the last quarter. Northern Trust Corp grew its position in DoorDash by 38.2% during the first quarter. Northern Trust Corp now owns 3,309,237 shares of the company’s stock valued at $604,829,000 after purchasing an additional 915,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in DoorDash by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company’s stock valued at $576,089,000 after acquiring an additional 842,637 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Susquehanna lifted their target price on shares of DoorDash from $235.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, August 11th. Oppenheimer lifted their target price on shares of DoorDash from $280.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Jefferies Financial Group lifted their target price on shares of DoorDash from $250.00 to $265.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Citigroup reiterated an “outperform” rating on shares of DoorDash in a research note on Thursday, August 7th. Finally, BMO Capital Markets lifted their target price on shares of DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $275.27.

DoorDash Price Performance

NASDAQ:DASH opened at $266.02 on Friday. The stock has a market cap of $113.64 billion, a P/E ratio of 147.79 and a beta of 1.71. DoorDash, Inc. has a one year low of $143.37 and a one year high of $285.08. The company has a fifty day moving average price of $258.41 and a 200 day moving average price of $226.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.38) EPS. Analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the sale, the director owned 26,070 shares of the company’s stock, valued at $6,442,157.70. The trade was a 63.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 291,403 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the completion of the sale, the chief executive officer directly owned 229,047 shares in the company, valued at $54,556,704.93. This trade represents a 55.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,001,054 shares of company stock valued at $249,511,188 in the last 90 days. 5.83% of the stock is owned by company 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.