Bosman Wealth Management LLC Makes New Investment in DoorDash, Inc. $DASH

Key Points

• Bosman Wealth Management LLC has invested approximately $2.3 million in DoorDash, acquiring 9,423 shares, which makes up 2.1% of their portfolio.
• Several institutional investors have increased their stakes in DoorDash, including Vanguard Group, which raised its holdings by 25.8%, and AQR Capital Management, which boosted its stake by 442.5%.
• Analysts have a consensus rating of "Moderate Buy" for DoorDash, with an average price target of $271.55, reflecting optimism about the company's performance and growth potential.

Bosman Wealth Management LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,423 shares of the company's stock, valued at approximately $2,323,000. DoorDash comprises about 2.1% of Bosman Wealth Management LLC's portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also modified their holdings of DASH. Vanguard Group Inc. raised its stake in shares of DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after buying an additional 8,073,882 shares during the last quarter. AQR Capital Management LLC boosted 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 valued at $321,799,000 after buying an additional 1,497,636 shares during the period. Invesco Ltd. boosted 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 valued at $877,269,000 after buying an additional 1,416,194 shares during the period. Nuveen LLC acquired a new position in shares of DoorDash in the first quarter valued at approximately $211,415,000. Finally, Deutsche Bank AG boosted 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 valued at $367,313,000 after buying an additional 1,058,731 shares during the period. 90.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on DASH. Loop Capital restated a "buy" rating on shares of DoorDash in a report on Tuesday, July 15th. Bank of America increased their target price on shares of DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Jefferies Financial Group increased their target price on shares of DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Zacks Research upgraded shares of DoorDash to a "hold" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets increased their target price on shares of DoorDash from $238.00 to $288.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $271.55.

DoorDash Stock Performance

NASDAQ DASH opened at $272.50 on Tuesday. The firm has a 50-day moving average of $253.38 and a 200-day moving average of $222.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $116.41 billion, a PE ratio of 151.39 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $140.53 and a 52-week high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.23. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. DoorDash's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.38) EPS. On average, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $266.16, for a total value of $379,278.00. Following the transaction, the chief financial officer directly owned 214,772 shares of the company's stock, valued at $57,163,715.52. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were 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 861,903 shares of company stock worth $212,075,506. 5.83% of the stock is currently owned by insiders.

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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