DoorDash, Inc. (NASDAQ:DASH) Stock Position Raised by Brown Advisory Inc.

Brown Advisory Inc. grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 17.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,532 shares of the company's stock after acquiring an additional 7,799 shares during the period. Brown Advisory Inc.'s holdings in DoorDash were worth $9,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DASH. GeoWealth Management LLC increased its stake in shares of DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after purchasing an additional 51 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of DoorDash by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after purchasing an additional 86 shares in the last quarter. LVW Advisors LLC increased its stake in shares of DoorDash by 6.1% during the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after purchasing an additional 86 shares in the last quarter. CVA Family Office LLC increased its stake in shares of DoorDash by 12.7% during the 1st quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after purchasing an additional 87 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in DoorDash by 4.8% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,315 shares of the company's stock worth $388,000 after acquiring an additional 105 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DASH has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $230.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $260.00 target price (up from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Raymond James Financial raised shares of DoorDash from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from $215.00 to $260.00 in a research note on Monday, June 23rd. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a research note on Thursday, June 12th. Finally, Roth Capital set a $191.00 target price on shares of DoorDash and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and a consensus price target of $220.53.

Insider Buying and Selling

In other news, Director Andy Fang sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $240.66, for a total value of $7,219,800.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 34,167 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total transaction of $8,222,630.22. Following the completion of the sale, the chief executive officer directly owned 520,450 shares of the company's stock, valued at $125,251,497. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 429,031 shares of company stock worth $94,584,086. 5.83% of the stock is currently owned by insiders.

DoorDash Trading Up 0.9%

DASH stock traded up $2.20 during trading on Friday, reaching $240.44. The stock had a trading volume of 2,842,802 shares, compared to its average volume of 4,238,349. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $248.74. The company has a market capitalization of $101.88 billion, a P/E ratio of 312.26 and a beta of 1.70. The firm has a fifty day moving average price of $216.76 and a 200 day moving average price of $196.21.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data 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 net margin of 3.02% and a return on equity of 4.39%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the business posted ($0.06) EPS. The firm's revenue was up 20.7% compared to the same quarter last year. Sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current 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.