DoorDash, Inc. $DASH Shares Sold by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK reduced its stake in DoorDash, Inc. by 0.6%, ending the second quarter with 239,941 shares valued at approximately $59.15 million.
• Insider transactions include notable sales by Director Stanley Tang and CFO Ravi Inukonda, with insiders selling over 1 million shares worth nearly $250 million in the last quarter.
• Analysts have raised price targets for DoorDash, with JMP Securities increasing its target from $250 to $335, reflecting an overall positive outlook with a consensus rating of "Moderate Buy".

Capital Advisors Inc. OK trimmed its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,941 shares of the company's stock after selling 1,503 shares during the quarter. Capital Advisors Inc. OK owned approximately 0.06% of DoorDash worth $59,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DASH. Saudi Central Bank acquired a new stake in shares of DoorDash in the 1st quarter valued at $25,000. WPG Advisers LLC acquired a new stake in shares of DoorDash in the 1st quarter valued at $26,000. Pacific Center for Financial Services acquired a new stake in DoorDash during the 1st quarter worth $27,000. Harbour Investments Inc. raised its stake in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after acquiring an additional 70 shares in the last quarter. Finally, SouthState Corp raised its stake in DoorDash by 762.5% during the 1st quarter. SouthState Corp now owns 207 shares of the company's stock worth $38,000 after acquiring an additional 183 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total transaction of $12,180,324.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $266.16, for a total transaction of $379,278.00. Following the transaction, the chief financial officer owned 214,772 shares of the company's stock, valued at approximately $57,163,715.52. The trade was a 0.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,001,417 shares of company stock valued at $249,569,754 in the last quarter. Insiders own 5.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DASH shares. JMP Securities lifted their price target on shares of DoorDash from $250.00 to $335.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 7th. Oppenheimer lifted their price target on shares of DoorDash from $280.00 to $310.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Sanford C. Bernstein lifted their price target on shares of DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Needham & Company LLC set a $300.00 price target on shares of DoorDash and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Morgan Stanley lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $275.27.

DoorDash Stock Up 0.4%

DASH stock opened at $271.22 on Monday. The company has a market cap of $115.87 billion, a P/E ratio of 150.68 and a beta of 1.71. DoorDash, Inc. has a 52 week low of $141.26 and a 52 week high of $278.15. The company's 50-day moving average price is $255.52 and its 200 day moving average price is $224.37. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30.

DoorDash (NASDAQ:DASH - Get Free Report) last released 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. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm's revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.38) earnings per share. On average, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share 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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