DoorDash, Inc. $DASH Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa reduced its shareholding in DoorDash by 14.5%, ending the quarter with 25,491 shares valued at approximately $6.28 million.
• Institutional investors collectively hold 90.64% of DoorDash's stock, highlighting significant investor interest in the company.
• DoorDash reported a 24.9% year-over-year increase in revenue, achieving $3.28 billion for the quarter, alongside a net margin of 6.57%.

Lbp Am Sa trimmed its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,491 shares of the company's stock after selling 4,333 shares during the quarter. Lbp Am Sa's holdings in DoorDash were worth $6,284,000 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. Brighton Jones LLC raised its holdings in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of DoorDash in the 1st quarter valued at $434,000. NBC Securities Inc. raised its holdings in shares of DoorDash by 123,533.3% in the 1st quarter. NBC Securities Inc. now owns 3,709 shares of the company's stock valued at $677,000 after purchasing an additional 3,706 shares in the last quarter. Merit Financial Group LLC raised its holdings in shares of DoorDash by 324.8% in the 1st quarter. Merit Financial Group LLC now owns 12,749 shares of the company's stock valued at $2,330,000 after purchasing an additional 9,748 shares in the last quarter. Finally, RFG Advisory LLC raised its holdings in shares of DoorDash by 45.4% in the 1st quarter. RFG Advisory LLC now owns 6,913 shares of the company's stock valued at $1,263,000 after purchasing an additional 2,159 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup restated an "outperform" rating on shares of DoorDash in a report on Thursday, August 7th. Piper Sandler increased their target price 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. Stifel Nicolaus increased their target price on shares of DoorDash from $214.00 to $239.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. UBS Group increased their target price on shares of DoorDash from $260.00 to $280.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, Roth Capital increased their target price on shares of DoorDash from $191.00 to $225.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, DoorDash currently has an average rating of "Moderate Buy" and a consensus target price of $275.42.

DoorDash Trading Down 1.6%

Shares of DoorDash stock opened at $267.64 on Thursday. DoorDash, Inc. has a 1 year low of $140.62 and a 1 year high of $278.15. 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 company has a market capitalization of $114.34 billion, a P/E ratio of 148.69 and a beta of 1.71. The company's fifty day moving average is $254.56 and its two-hundred day moving average is $222.77.

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 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 company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the firm posted ($0.38) EPS. DoorDash's revenue for the quarter was up 24.9% on a year-over-year basis. Analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 291,403 shares of DoorDash stock in a transaction dated Wednesday, August 20th. The shares were 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 $54,556,704.93. The trade was a 55.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 41,881 shares of DoorDash stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the sale, the chief operating officer directly owned 914,547 shares in the company, valued at approximately $224,813,943.54. The trade was a 4.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 891,841 shares of company stock valued at $220,178,742. Company insiders own 5.83% of the company's stock.

DoorDash 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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