Blair William & Co. IL Takes $395,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Blair William & Co. IL acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,633 shares of the company’s stock, valued at approximately $395,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of DoorDash by 102.5% in the 4th quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock valued at $19,694,000 after buying an additional 100,787 shares during the period. Corient Private Wealth LLC raised its position in DoorDash by 4.2% in the fourth quarter. Corient Private Wealth LLC now owns 8,015 shares of the company’s stock worth $793,000 after acquiring an additional 320 shares in the last quarter. US Bancorp DE boosted its position in shares of DoorDash by 9.1% during the 4th quarter. US Bancorp DE now owns 6,874 shares of the company’s stock worth $680,000 after purchasing an additional 573 shares in the last quarter. Commerce Bank grew its stake in shares of DoorDash by 3.4% during the 4th quarter. Commerce Bank now owns 5,073 shares of the company’s stock worth $502,000 after purchasing an additional 166 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of DoorDash in the 4th quarter valued at about $466,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on DASH shares. Oppenheimer upped their target price on shares of DoorDash from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. BTIG Research upgraded DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, September 19th. JMP Securities raised their price target on DoorDash from $140.00 to $145.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a research report on Wednesday. Finally, Morgan Stanley increased their price objective on shares of DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.50.

DoorDash Stock Down 0.6 %

NASDAQ:DASH opened at $143.02 on Friday. The company has a market cap of $58.86 billion, a P/E ratio of -132.43, a P/E/G ratio of 295.70 and a beta of 1.69. The firm’s 50 day moving average is $124.38 and its two-hundred day moving average is $121.86. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $146.36.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the business posted ($0.44) earnings per share. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. Research analysts forecast that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other news, insider Keith Yandell sold 6,554 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $706,193.50. Following the completion of the sale, the insider now owns 155,097 shares in the company, valued at approximately $16,711,701.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Keith Yandell sold 6,554 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $706,193.50. Following the transaction, the insider now owns 155,097 shares of the company’s stock, valued at approximately $16,711,701.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. Insiders have sold a total of 350,223 shares of company stock worth $41,391,523 in the last three months. 7.92% of the stock is currently owned by company insiders.

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.