DoorDash, Inc. $DASH Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 81.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,353 shares of the company’s stock after purchasing an additional 1,058 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in DoorDash were worth $580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of 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 buying an additional 8,073,882 shares in the last quarter. AQR Capital Management LLC raised its stake in DoorDash by 442.5% during the 1st quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock worth $321,799,000 after acquiring an additional 1,497,636 shares in the last quarter. Invesco Ltd. increased its position 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 purchasing an additional 1,416,194 shares in the last quarter. Nuveen LLC purchased a new stake in DoorDash in the first quarter valued at approximately $211,415,000. Finally, Deutsche Bank AG increased its stake in DoorDash by 111.3% in the first quarter. Deutsche Bank AG now owns 2,009,699 shares of the company’s stock valued at $367,313,000 after purchasing an additional 1,058,731 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Performance

NASDAQ DASH opened at $202.32 on Thursday. The firm has a market capitalization of $87.20 billion, a P/E ratio of 102.70 and a beta of 1.70. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The business’s 50-day simple moving average is $251.35 and its 200-day simple moving average is $238.35.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. Equities analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $277.47, for a total transaction of $346,837.50. Following the transaction, the director owned 37,252 shares in the company, valued at approximately $10,336,312.44. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $244.39, for a total transaction of $11,097,749.90. The disclosure for this sale is available in the SEC filing. Insiders sold 499,707 shares of company stock valued at $127,140,411 over the last quarter. Company insiders own 5.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Piper Sandler increased their price objective on DoorDash from $210.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Barclays lowered their price target on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Raymond James Financial restated a “strong-buy” rating and set a $325.00 target price (up from $275.00) on shares of DoorDash in a report on Thursday, August 7th. Needham & Company LLC cut their target price on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Wedbush upgraded DoorDash from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $160.00 to $260.00 in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $276.94.

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.