Alpha Family Trust Invests $291,000 in DoorDash, Inc. $DASH

Key Points

• Alpha Family Trust has invested approximately $291,000 in DoorDash, acquiring 1,590 shares, reflecting increased institutional interest in the company.
• In recent trades, insiders including CEO Tony Xu and Director Andy Fang sold significant portions of their stock, collectively worth over $26 million.
• DoorDash's stock price recently opened at $248.00, with a market cap of $105.95 billion, following a strong earnings report showing a revenue increase of 24.9% year-over-year.

Alpha Family Trust acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,590 shares of the company's stock, valued at approximately $291,000.

Other institutional investors have also recently modified their holdings of the company. Mutual of America Capital Management LLC acquired a new position in shares of DoorDash during the 1st quarter worth approximately $7,200,000. Blair William & Co. IL raised its holdings in DoorDash by 12.8% in the 1st quarter. Blair William & Co. IL now owns 4,855 shares of the company's stock valued at $887,000 after acquiring an additional 551 shares during the last quarter. Brighton Jones LLC raised its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after acquiring an additional 1,807 shares during the last quarter. GAMMA Investing LLC raised its holdings in DoorDash by 70.4% in the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock valued at $351,000 after acquiring an additional 794 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in DoorDash by 14.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock valued at $299,000 after acquiring an additional 206 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the completion of the transaction, the director owned 22,545 shares of the company's stock, valued at approximately $6,216,558.30. This represents a 68.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 51,250 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $255.89, for a total transaction of $13,114,362.50. Following the completion of the transaction, the chief executive officer directly owned 520,450 shares of the company's stock, valued at $133,177,950.50. This trade represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 686,437 shares of company stock worth $161,070,166 over the last ninety days. Corporate insiders own 5.83% of the company's stock.

DoorDash Stock Up 0.2%

DoorDash stock opened at $248.00 on Monday. The firm has a market cap of $105.95 billion, a price-to-earnings ratio of 137.78 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. DoorDash, Inc. has a fifty-two week low of $122.32 and a fifty-two week high of $278.15. The firm has a fifty day moving average price of $239.89 and a two-hundred day moving average price of $209.23.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.38) earnings per share. As a group, analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DASH. BMO Capital Markets upped their price objective on DoorDash from $238.00 to $288.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Roth Capital increased their price target on DoorDash from $191.00 to $225.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Loop Capital reiterated a "buy" rating on shares of DoorDash in a report on Tuesday, July 15th. DA Davidson increased their price target on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company increased their price target on DoorDash from $239.00 to $280.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Thirteen research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and an average price target of $263.88.

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.

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