Compound Planning Inc. Boosts Stake in DoorDash, Inc. $DASH

Key Points

• Compound Planning Inc. has increased its stake in DoorDash, Inc. by 37.1%, now owning shares worth $947,000.
• Institutional ownership of DoorDash is high, with 90.64% of the stock held by institutional investors and hedge funds.
• DoorDash reported a quarterly EPS of $0.65, exceeding estimates, and a 24.9% increase in revenue compared to the same quarter last year.

Compound Planning Inc. grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,181 shares of the company's stock after purchasing an additional 1,403 shares during the period. Compound Planning Inc.'s holdings in DoorDash were worth $947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its stake in DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after acquiring an additional 70 shares during the last quarter. SouthState Corp boosted its stake in DoorDash by 762.5% during the first quarter. SouthState Corp now owns 207 shares of the company's stock worth $38,000 after buying an additional 183 shares in the last quarter. ORG Partners LLC increased its stake in DoorDash by 404.0% in the first quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after acquiring an additional 202 shares during the period. Rothschild Investment LLC lifted its position in shares of DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after buying an additional 247 shares during the period. Finally, Mizuho Securities Co. Ltd. boosted its stake in shares of DoorDash by 150.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after purchasing an additional 180 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent research reports. DA Davidson increased their price objective on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Truist Financial lifted their price objective on DoorDash from $272.00 to $326.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Oppenheimer lifted their price target on DoorDash from $280.00 to $310.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Morgan Stanley raised their price target on shares of DoorDash from $275.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Benchmark raised their price objective on DoorDash from $260.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $263.88.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the completion of the sale, the director owned 22,545 shares of the company's stock, valued at $6,216,558.30. The trade was a 68.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shona L. Brown sold 1,650 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $272.00, for a total transaction of $448,800.00. Following the completion of the sale, the director directly owned 41,827 shares of the company's stock, valued at $11,376,944. This represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 932,764 shares of company stock valued at $224,714,524 over the last three months. Corporate insiders own 5.83% of the company's stock.

DoorDash Stock Up 0.7%

Shares of NASDAQ:DASH traded up $1.68 during mid-day trading on Thursday, hitting $247.33. 1,856,729 shares of the company traded hands, compared to its average volume of 4,662,120. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $244.49 and a two-hundred day moving average price of $211.97. DoorDash, Inc. has a 12-month low of $122.32 and a 12-month high of $278.15. The stock has a market cap of $105.66 billion, a P/E ratio of 137.41 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. The company's revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current 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.