DoorDash, Inc. $DASH Shares Bought by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in DoorDash, Inc. by 19.1% during the second quarter, holding 15,774 shares worth approximately $3.89 million as of the latest report.
• DoorDash's stock opened at $273.52 and has a market capitalization of $116.85 billion, with a 52-week range between $143.37 and $285.08.
• The company reported a 24.9% increase in quarterly revenue, totaling $3.28 billion, and beat earnings expectations with an EPS of $0.65 compared to the predicted $0.42.

US Bancorp DE increased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 19.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,774 shares of the company's stock after purchasing an additional 2,533 shares during the quarter. US Bancorp DE's holdings in DoorDash were worth $3,888,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DASH. Brighton Jones LLC lifted its stake in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. GAMMA Investing LLC lifted its stake in DoorDash by 70.4% during the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after purchasing an additional 794 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in DoorDash by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 43,817 shares of the company's stock worth $8,008,000 after purchasing an additional 4,827 shares during the last quarter. Ritholtz Wealth Management bought a new position in DoorDash during the first quarter worth $240,000. Finally, Optas LLC acquired a new stake in DoorDash in the first quarter worth $233,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

Shares of DASH opened at $273.52 on Tuesday. The firm has a market capitalization of $116.85 billion, a price-to-earnings ratio of 151.96 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. DoorDash, Inc. has a one year low of $143.37 and a one year high of $285.08. The stock's fifty day moving average is $258.72 and its 200-day moving average is $227.83.

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

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 291,403 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total value of $69,409,280.57. Following the completion of the transaction, the chief executive officer owned 229,047 shares in the company, valued at $54,556,704.93. This trade represents a 55.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the completion of the transaction, the director owned 26,070 shares of the company's stock, valued at $6,442,157.70. This trade represents a 63.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 966,887 shares of company stock valued at $241,420,442 in the last three months. 5.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on DASH shares. DA Davidson increased their target price on DoorDash from $190.00 to $260.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Jefferies Financial Group increased their target price on DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Evercore ISI reaffirmed an "outperform" rating and issued a $360.00 target price (up from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Needham & Company LLC set a $300.00 target price on DoorDash and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus increased their target price on DoorDash from $214.00 to $239.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $275.27.

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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