Chevy Chase Trust Holdings LLC Boosts Stock Position in DoorDash, Inc. $DASH

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in DoorDash, Inc. by 1.8%, owning a total of 181,099 shares worth approximately $44.6 million as of the latest SEC disclosure.
• Insider trading reports indicate that director Stanley Tang sold 45,410 shares of DoorDash stock, representing a 63.53% decrease in his ownership, while COO Prabir Adarkar sold 41,881 shares, representing a 4.38% decrease in his ownership.
• DoorDash's stock has recently been rated with a consensus "Moderate Buy", as analysts anticipate its earning per share for the current fiscal year to be 2.22.

Chevy Chase Trust Holdings LLC grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 181,099 shares of the company's stock after acquiring an additional 3,176 shares during the period. Chevy Chase Trust Holdings LLC's holdings in DoorDash were worth $44,643,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Perigon Wealth Management LLC lifted its position in shares of DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company's stock worth $912,000 after acquiring an additional 46 shares in the last quarter. Yeomans Consulting Group Inc. increased its holdings in shares of DoorDash by 3.9% in the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company's stock worth $326,000 after purchasing an additional 51 shares during the period. Palo Alto Wealth Advisors LLC increased its holdings in shares of DoorDash by 0.4% in the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company's stock worth $2,385,000 after purchasing an additional 54 shares during the period. LVW Advisors LLC increased its holdings in shares of DoorDash by 4.5% in the second quarter. LVW Advisors LLC now owns 1,563 shares of the company's stock worth $385,000 after purchasing an additional 68 shares during the period. Finally, SageView Advisory Group LLC increased its holdings in shares of DoorDash by 5.1% in the first quarter. SageView Advisory Group LLC now owns 1,435 shares of the company's stock worth $262,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling

In other news, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $247.11, for a total transaction of $11,221,265.10. Following the transaction, the director directly owned 26,070 shares of the company's stock, valued at approximately $6,442,157.70. This trade represents a 63.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 41,881 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $245.82, for a total value of $10,295,187.42. Following the transaction, the chief operating officer directly owned 914,547 shares in the company, valued at $224,813,943.54. This trade represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 993,105 shares of company stock valued at $248,566,566 over the last three months. 5.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DASH has been the topic of several research analyst reports. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a report on Thursday, August 7th. Guggenheim raised shares of DoorDash to a "strong-buy" rating in a report on Wednesday. Oppenheimer upped their price target on shares of DoorDash from $310.00 to $350.00 and gave the stock an "outperform" rating in a report on Thursday. Loop Capital reaffirmed a "buy" rating on shares of DoorDash in a report on Tuesday, July 15th. Finally, JMP Securities upped their price target on shares of DoorDash from $250.00 to $335.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $282.91.

DoorDash Stock Down 1.4%

DASH opened at $263.06 on Friday. The stock has a market cap of $112.38 billion, a PE ratio of 146.15 and a beta of 1.71. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 52 week low of $150.26 and a 52 week high of $285.50. The business's fifty day simple moving average is $259.31 and its 200 day simple moving average is $229.57.

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

DoorDash Company 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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