Ballentine Partners LLC Has $239,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Ballentine Partners LLC decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 10.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,195 shares of the company’s stock after selling 265 shares during the period. Ballentine Partners LLC’s holdings in DoorDash were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Everhart Financial Group Inc. boosted its holdings in shares of DoorDash by 3.1% during the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after buying an additional 99 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of DoorDash by 1.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of DoorDash by 17.2% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after purchasing an additional 108 shares during the period. SJS Investment Consulting Inc. lifted its holdings in DoorDash by 21.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after purchasing an additional 117 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in DoorDash by 4.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock worth $414,000 after purchasing an additional 126 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of DoorDash in a research report on Friday, August 2nd. Susquehanna boosted their price objective on shares of DoorDash from $135.00 to $140.00 and gave the company a “positive” rating in a report on Monday, August 5th. Wolfe Research started coverage on shares of DoorDash in a report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 target price on the stock. Finally, KeyCorp started coverage on DoorDash in a research note on Thursday, July 11th. They issued a “sector weight” rating for the company. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.57.

DoorDash Trading Up 3.3 %

DoorDash stock opened at $130.02 on Thursday. The company has a market capitalization of $53.17 billion, a PE ratio of -120.39, a P/E/G ratio of 737.67 and a beta of 1.69. The stock has a 50-day moving average price of $117.80 and a two-hundred day moving average price of $121.16. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $143.34.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the business earned ($0.44) EPS. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year.

Insider Transactions at DoorDash

In related news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the sale, the director now directly owns 70,191 shares in the company, valued at $7,789,095.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Shona L. Brown sold 1,712 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the sale, the director now directly owns 70,191 shares in the company, valued at $7,789,095.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total transaction of $895,020.00. Following the sale, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 254,769 shares of company stock worth $28,250,113. Company insiders own 7.92% of the company’s stock.

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.