Motley Fool Asset Management LLC Acquires 2,047 Shares of DoorDash, Inc. $DASH

Motley Fool Asset Management LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 10.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,589 shares of the company’s stock after purchasing an additional 2,047 shares during the period. Motley Fool Asset Management LLC’s holdings in DoorDash were worth $5,322,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock worth $7,200,642,000 after purchasing an additional 8,073,882 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $897,031,000 after acquiring an additional 641,601 shares during the period. Invesco Ltd. boosted its holdings in shares of DoorDash by 41.9% during the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after acquiring an additional 1,416,194 shares during the period. Northern Trust Corp boosted its holdings in shares of DoorDash by 38.2% during the first quarter. Northern Trust Corp now owns 3,309,237 shares of the company’s stock worth $604,829,000 after acquiring an additional 915,512 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of DoorDash by 36.5% during the first quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company’s stock worth $576,089,000 after acquiring an additional 842,637 shares during the period. Institutional investors own 90.64% of the company’s stock.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 41,881 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the transaction, the chief operating officer directly owned 914,547 shares in the company, valued at $224,813,943.54. The trade was a 4.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 291,403 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 229,047 shares of the company’s stock, valued at approximately $54,556,704.93. This represents a 55.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 928,114 shares of company stock valued at $232,553,670 in the last three months. Company insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DASH. Susquehanna boosted their price objective on DoorDash from $235.00 to $300.00 and gave the stock a “positive” rating in a report on Monday, August 11th. Mizuho set a $350.00 price objective on DoorDash and gave the stock an “outperform” rating in a report on Monday, September 29th. Stifel Nicolaus boosted their price objective on DoorDash from $214.00 to $239.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. Piper Sandler boosted their price objective on DoorDash from $210.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Jefferies Financial Group boosted their price objective on DoorDash from $265.00 to $280.00 and gave the stock a “hold” rating in a report on Friday, October 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $290.82.

DoorDash Stock Up 2.0%

NASDAQ DASH opened at $263.35 on Tuesday. 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 $152.26 and a 1-year high of $285.50. The company has a 50 day moving average of $259.95 and a 200-day moving average of $233.86. The company has a market cap of $112.50 billion, a price-to-earnings ratio of 146.31 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its quarterly 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. 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 previous year, the business earned ($0.38) earnings per share. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. On average, equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.