Vontobel Holding Ltd. Acquires 767 Shares of DoorDash, Inc. $DASH

Vontobel Holding Ltd. lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 12.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,859 shares of the company’s stock after acquiring an additional 767 shares during the period. Vontobel Holding Ltd.’s holdings in DoorDash were worth $1,691,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Saudi Central Bank acquired a new position in shares of DoorDash in the first quarter valued at about $25,000. WPG Advisers LLC acquired a new position in shares of DoorDash in the first quarter valued at about $26,000. Pacific Center for Financial Services acquired a new position in shares of DoorDash in the first quarter valued at about $27,000. Harbour Investments Inc. grew its stake in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after acquiring an additional 70 shares in the last quarter. Finally, SouthState Corp grew its stake in shares of DoorDash by 762.5% in the first quarter. SouthState Corp now owns 207 shares of the company’s stock valued at $38,000 after acquiring an additional 183 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 recently commented on DASH. Wells Fargo & Company dropped their price target on DoorDash from $306.00 to $301.00 and set an “equal weight” rating for the company in a research note on Friday, October 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $330.00 price target on shares of DoorDash in a research note on Wednesday, September 17th. Citigroup reaffirmed an “outperform” rating on shares of DoorDash in a research note on Thursday, August 7th. Susquehanna boosted their price target on DoorDash from $235.00 to $300.00 and gave the company a “positive” rating in a research note on Monday, August 11th. Finally, Mizuho set a $350.00 price target on DoorDash and gave the company an “outperform” rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $275.27.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 34,166 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $268.24, for a total transaction of $9,164,687.84. Following the completion of the sale, the chief executive officer owned 520,450 shares of the company’s stock, valued at approximately $139,605,508. This represents a 6.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $268.20, for a total transaction of $8,046,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,001,054 shares of company stock worth $249,511,188. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $266.02 on Friday. The business has a 50 day moving average of $258.41 and a 200-day moving average of $226.97. DoorDash, Inc. has a 1 year low of $143.37 and a 1 year high of $285.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $113.64 billion, a P/E ratio of 147.79 and a beta of 1.71.

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

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.