2,058 Shares in DoorDash, Inc. $DASH Purchased by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels acquired a new position in DoorDash, Inc., purchasing 2,058 shares valued at approximately $507,000 during the second quarter.
• Insider transactions revealed that CEO Tony Xu sold 51,250 shares, reducing his ownership by 97.16%, while insider Keith Yandell sold 18,034 shares, decreasing his ownership by 19.29%.
• DoorDash's stock is currently down 1.5% and has a market capitalization of $110.75 billion, with recent earnings surpassing expectations at $0.65 EPS.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,058 shares of the company's stock, valued at approximately $507,000.

Several other institutional investors also recently bought and sold shares of DASH. Vanguard Group Inc. boosted its stake in DoorDash by 25.8% in the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock valued at $7,200,642,000 after acquiring an additional 8,073,882 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of DoorDash by 442.5% in the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company's stock worth $321,799,000 after buying an additional 1,497,636 shares during the last quarter. Invesco Ltd. raised its holdings in shares of DoorDash by 41.9% in the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock worth $877,269,000 after buying an additional 1,416,194 shares during the last quarter. Nuveen LLC purchased a new position in shares of DoorDash in the first quarter worth $211,415,000. Finally, Deutsche Bank AG raised its holdings in shares of DoorDash by 111.3% in the first quarter. Deutsche Bank AG now owns 2,009,699 shares of the company's stock worth $367,313,000 after buying an additional 1,058,731 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research raised shares of DoorDash to a "hold" rating in a report on Tuesday, August 12th. BMO Capital Markets raised their price target on shares of DoorDash from $238.00 to $288.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Evercore ISI restated an "outperform" rating and set a $360.00 target price (up from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Truist Financial boosted their target price on shares of DoorDash from $272.00 to $326.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, 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 research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $268.76.

DoorDash Stock Performance

DASH traded up $8.82 on Thursday, reaching $268.07. The stock had a trading volume of 3,057,629 shares, compared to its average volume of 2,620,313. DoorDash, Inc. has a 12-month low of $136.05 and a 12-month high of $278.15. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The business's 50-day moving average price is $249.73 and its two-hundred day moving average price is $217.71. The company has a market cap of $114.52 billion, a P/E ratio of 148.93 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $3.16 billion. During the same quarter in the previous year, the company earned ($0.38) earnings per share. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other news, insider Keith Yandell sold 18,034 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $243.16, for a total transaction of $4,385,147.44. Following the completion of the sale, the insider owned 75,432 shares of the company's stock, valued at $18,342,045.12. The trade was a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $243.31, for a total transaction of $11,048,707.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,026,048 shares of company stock valued at $251,592,950. Corporate insiders own 5.83% of the company's stock.

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.