Jackson Thornton Wealth Management LLC Makes New Investment in DoorDash, Inc. $DASH

Jackson Thornton Wealth Management LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH) in the second quarter, Holdings Channel reports. The firm bought 1,188 shares of the company’s stock, valued at approximately $287,000.

A number of other large investors have also bought and sold shares of the company. Pittenger & Anderson Inc. increased its position in DoorDash by 1,728.6% in the second quarter. Pittenger & Anderson Inc. now owns 3,200 shares of the company’s stock worth $789,000 after buying an additional 3,025 shares during the last quarter. Phoenix Financial Ltd. purchased a new stake in DoorDash in the second quarter worth $554,000. Avidian Wealth Enterprises LLC increased its position in DoorDash by 13.3% in the second quarter. Avidian Wealth Enterprises LLC now owns 2,169 shares of the company’s stock worth $535,000 after buying an additional 255 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in DoorDash by 0.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 43,845 shares of the company’s stock worth $10,695,000 after buying an additional 205 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its position in DoorDash by 1.2% in the second quarter. Calamos Wealth Management LLC now owns 65,178 shares of the company’s stock worth $16,067,000 after buying an additional 746 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 24,968 shares of DoorDash stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total transaction of $6,799,285.76. Following the completion of the sale, the chief operating officer owned 909,579 shares of the company’s stock, valued at approximately $247,696,553.28. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 34,166 shares of DoorDash stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $268.24, for a total value of $9,164,687.84. Following the sale, the chief executive officer directly owned 520,450 shares of the company’s stock, valued at $139,605,508. This represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 993,105 shares of company stock valued at $248,566,566 in the last ninety days. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Price Performance

NASDAQ:DASH opened at $265.37 on Tuesday. The firm has a market capitalization of $113.37 billion, a price-to-earnings ratio of 147.43 and a beta of 1.71. DoorDash, Inc. has a 52-week low of $150.26 and a 52-week high of $285.50. The stock has a fifty day moving average of $259.49 and a 200 day moving average of $230.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. KeyCorp reissued an “overweight” rating and issued a $325.00 target price (up from $295.00) on shares of DoorDash in a research report on Thursday, August 7th. UBS Group raised their price target on DoorDash from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $330.00 price target on shares of DoorDash in a report on Wednesday, September 17th. JMP Securities raised their price target on DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. Finally, Roth Capital raised their price target on DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $285.26.

DoorDash Company 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.