Callan Family Office LLC Acquires 4,286 Shares of DoorDash, Inc. $DASH

Key Points

• Callan Family Office LLC increased its holdings in DoorDash by 240.0%, acquiring an additional 4,286 shares, bringing its total to 6,072 shares valued at $1.497 million as of the end of the most recent quarter.
• DoorDash's stock recently declined by 3.4%, with a current market cap of $113.64 billion and a 12-month price range between $143.37 and $285.08.
• The company reported earnings of $0.65 per share for the last quarter, exceeding estimates and showing a 24.9% year-over-year revenue increase to $3.28 billion.

Callan Family Office LLC increased its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 240.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,072 shares of the company's stock after acquiring an additional 4,286 shares during the period. Callan Family Office LLC's holdings in DoorDash were worth $1,497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock valued at $7,200,642,000 after purchasing an additional 8,073,882 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in DoorDash by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company's stock valued at $897,031,000 after purchasing an additional 641,601 shares during the period. Invesco Ltd. grew its holdings in DoorDash by 41.9% during the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock valued at $877,269,000 after purchasing an additional 1,416,194 shares during the period. Northern Trust Corp grew its holdings in DoorDash by 38.2% during the first quarter. Northern Trust Corp now owns 3,309,237 shares of the company's stock valued at $604,829,000 after purchasing an additional 915,512 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in DoorDash by 36.5% during the first quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company's stock valued at $576,089,000 after purchasing an additional 842,637 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Down 3.4%

DASH opened at $266.02 on Friday. The company has a market cap of $113.64 billion, a P/E ratio of 147.79 and a beta of 1.71. The business's 50-day moving average price is $258.41 and its 200-day moving average price is $226.97. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 12 month low of $143.37 and a 12 month high of $285.08.

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 the consensus estimate of $0.42 by $0.23. The company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.DoorDash's quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned ($0.38) earnings per share. On average, equities analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

DASH has been the topic of a number of recent research reports. Jefferies Financial Group increased their price objective on DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Royal Bank Of Canada increased their price objective on DoorDash from $230.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Needham & Company LLC set a $300.00 price target on DoorDash and gave the company a "buy" rating in a research report on Thursday, August 7th. BMO Capital Markets raised their price target on DoorDash from $238.00 to $288.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Oppenheimer raised their price target on DoorDash from $280.00 to $310.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $275.27.

Insider Buying and Selling

In related news, Director Shona L. Brown sold 825 shares of the firm's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $280.00, for a total value of $231,000.00. Following the sale, the director directly owned 38,502 shares of the company's stock, valued at $10,780,560. This trade represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $268.23, for a total value of $12,180,324.30. The disclosure for this sale can be found here. Insiders sold 1,001,054 shares of company stock valued at $249,511,188 over the last ninety days. Corporate insiders own 5.83% of the company's stock.

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.

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