Banque Cantonale Vaudoise Buys Shares of 1,711 DoorDash, Inc. (NASDAQ:DASH)

Key Points

• Banque Cantonale Vaudoise invested approximately $313,000 in DoorDash, acquiring 1,711 shares in the 1st quarter.
• Institutional investors own 90.64% of DoorDash's stock, with several hedge funds significantly increasing their stakes during the same period.
• Analysts have set a consensus price target of $235.56 for DoorDash, with a mix of ratings including twenty-four buy ratings and eleven hold ratings.

Banque Cantonale Vaudoise purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,711 shares of the company's stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of DoorDash by 70.4% in the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after buying an additional 794 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of DoorDash by 14.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after buying an additional 206 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of DoorDash by 9.3% in the 1st quarter. Park Avenue Securities LLC now owns 10,017 shares of the company's stock worth $1,831,000 after buying an additional 850 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of DoorDash in the 1st quarter worth about $222,000. Institutional investors own 90.64% of the company's stock.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 1,425 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $244.78, for a total transaction of $348,811.50. Following the sale, the chief financial officer owned 244,905 shares in the company, valued at approximately $59,947,845.90. The trade was a 0.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total transaction of $7,219,800.00. Following the completion of the transaction, the director owned 22,545 shares of the company's stock, valued at approximately $5,425,679.70. The trade was a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 508,127 shares of company stock valued at $115,087,539 over the last three months. Insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DASH shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $260.00 price target (up from $210.00) on shares of DoorDash in a report on Wednesday, June 25th. Benchmark upped their price objective on shares of DoorDash from $225.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Stifel Nicolaus upped their price objective on shares of DoorDash from $198.00 to $214.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Finally, BTIG Research upped their price objective on shares of DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $235.56.

DoorDash Stock Performance

DASH stock traded up $9.67 on Monday, reaching $258.02. The company's stock had a trading volume of 3,349,917 shares, compared to its average volume of 2,846,482. The business has a fifty day simple moving average of $230.64 and a two-hundred day simple moving average of $203.92. DoorDash, Inc. has a 12-month low of $106.21 and a 12-month high of $258.73. The firm has a market cap of $109.33 billion, a PE ratio of 335.10 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm posted ($0.06) earnings per share. The firm's revenue was up 20.7% on a year-over-year basis. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.