DoorDash, Inc. $DASH Shares Purchased by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC increased its holdings in DoorDash, Inc. by 39.7% during the first quarter, now owning 3,886 shares valued at approximately $710,000.
• Several analysts raised their price targets for DoorDash, with a consensus target now at $264.65, indicating a "Moderate Buy" rating across 22 analysts, while one has marked it as a "Strong Buy."
• Insiders have sold significant amounts of DoorDash shares recently, including CEO Tony Xu who sold 291,403 shares worth approximately $69 million, reducing his ownership by 55.99%.

Teza Capital Management LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 39.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,886 shares of the company's stock after purchasing an additional 1,104 shares during the quarter. Teza Capital Management LLC's holdings in DoorDash were worth $710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Palo Alto Wealth Advisors LLC increased its position in shares of DoorDash by 0.4% during the 1st 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 last quarter. Harbour Investments Inc. increased its position in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after purchasing an additional 70 shares during the last quarter. LVW Advisors LLC increased its position in shares of DoorDash by 6.1% during the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after purchasing an additional 86 shares during the last quarter. CVA Family Office LLC increased its position in shares of DoorDash by 12.7% during the 1st quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after purchasing an additional 87 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of DoorDash by 8.3% during the 1st quarter. Proficio Capital Partners LLC now owns 1,416 shares of the company's stock worth $259,000 after purchasing an additional 108 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on DASH shares. Jefferies Financial Group lifted their target price on DoorDash from $250.00 to $265.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $325.00 target price (up from $275.00) on shares of DoorDash in a research report on Thursday, August 7th. Sanford C. Bernstein lifted their target price on DoorDash from $210.00 to $265.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Stifel Nicolaus lifted their target price on DoorDash from $214.00 to $239.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Finally, BTIG Research lifted their target price on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $264.65.

Insider Buying and Selling

In related news, Director Andy Fang sold 50,000 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $6,216,558.30. The trade was a 68.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tony Xu sold 291,403 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 229,047 shares of the company's stock, valued at approximately $54,556,704.93. The trade was a 55.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,019,042 shares of company stock valued at $248,122,219. Corporate insiders own 5.83% of the company's stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $246.85 on Friday. DoorDash, Inc. has a one year low of $122.32 and a one year high of $278.15. The company has a market cap of $105.45 billion, a PE ratio of 137.14 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The business has a 50-day simple moving average of $246.58 and a 200-day simple moving average of $214.01.

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 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 business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the company posted ($0.38) earnings per share. The business'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 EPS for the current fiscal year.

About DoorDash

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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