4,900 Shares in DoorDash, Inc. $DASH Bought by David J Yvars Group

Key Points

• David J Yvars Group has made a new investment of approximately $1.21 million in DoorDash by purchasing 4,900 shares, now representing 0.7% of their investment portfolio.
• Several analyst firms have recently upgraded their ratings and price targets for DoorDash, with predictions ranging from a price target of $260.00 to $326.00.
• Insider trading activity shows significant share sales, including a director selling over 45,000 shares for more than $10 million, indicating potential shifts in ownership structure.

David J Yvars Group acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,900 shares of the company's stock, valued at approximately $1,208,000. DoorDash accounts for about 0.7% of David J Yvars Group's investment portfolio, making the stock its 21st largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DASH. Vanguard Group Inc. increased 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 buying an additional 8,073,882 shares during the last quarter. AQR Capital Management LLC increased its holdings in DoorDash by 442.5% during 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 last quarter. Invesco Ltd. increased 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 buying an additional 1,416,194 shares during the last quarter. Nuveen LLC purchased a new stake in DoorDash during the first quarter valued at approximately $211,415,000. Finally, Deutsche Bank AG increased its holdings in DoorDash by 111.3% during 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 last quarter. Institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DASH shares. BMO Capital Markets upped their target price on shares of DoorDash from $238.00 to $288.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Piper Sandler raised their price objective on shares of DoorDash from $210.00 to $290.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Loop Capital reaffirmed a "buy" rating on shares of DoorDash in a report on Tuesday, July 15th. Sanford C. Bernstein increased their price target on DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Truist Financial increased their price target on DoorDash from $272.00 to $326.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $268.76.

DoorDash Stock Down 1.0%

Shares of NASDAQ:DASH traded down $2.78 during trading hours on Friday, hitting $265.29. The company's stock had a trading volume of 10,684,224 shares, compared to its average volume of 2,651,273. DoorDash, Inc. has a 52 week low of $136.53 and a 52 week high of $278.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $113.33 billion, a price-to-earnings ratio of 147.38 and a beta of 1.70. The firm's fifty day moving average price is $250.23 and its 200 day moving average price is $218.37.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data 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. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the firm earned ($0.38) EPS. The company's quarterly revenue was up 24.9% compared to the same quarter last year. As a group, research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insiders Place Their Bets

In related news, Director Andy Fang sold 30,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $243.32, for a total value of $7,299,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was 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 three months, insiders sold 1,026,048 shares of company stock worth $251,592,950. Company insiders own 5.83% of the company's stock.

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.