Vontobel Holding Ltd. Sells 2,268 Shares of DoorDash, Inc. (NASDAQ:DASH)

Vontobel Holding Ltd. reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,092 shares of the company's stock after selling 2,268 shares during the quarter. Vontobel Holding Ltd.'s holdings in DoorDash were worth $1,113,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of DoorDash by 24.0% in the fourth 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 during the period. Jones Financial Companies Lllp raised its holdings in DoorDash by 36.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock worth $323,000 after acquiring an additional 512 shares during the period. Steward Partners Investment Advisory LLC lifted its position in DoorDash by 66.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company's stock worth $208,000 after acquiring an additional 495 shares during the last quarter. GAMMA Investing LLC grew its position in shares of DoorDash by 70.4% in the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock valued at $351,000 after purchasing an additional 794 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in shares of DoorDash by 14.4% in the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after purchasing an additional 206 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DASH has been the subject of several recent analyst reports. Benchmark increased their target price on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. Roth Capital set a $191.00 target price on shares of DoorDash and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of DoorDash from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Oppenheimer upped their price objective on shares of DoorDash from $220.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.53.

Insider Activity

In related news, CEO Tony Xu sold 44,244 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $220.71, for a total value of $9,765,093.24. Following the completion of the sale, the chief executive officer owned 520,450 shares in the company, valued at $114,868,519.50. This represents a 7.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total value of $10,929,732.90. Following the sale, the director directly owned 26,070 shares in the company, valued at approximately $6,274,788.30. This represents a 63.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,781 shares of company stock valued at $94,277,848. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Up 3.4%

DASH stock traded up $8.10 during midday trading on Monday, reaching $246.89. The company's stock had a trading volume of 5,708,387 shares, compared to its average volume of 4,249,592. The business's 50-day simple moving average is $211.96 and its 200-day simple moving average is $193.89. The stock has a market cap of $104.62 billion, a PE ratio of 320.64 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The firm's revenue was up 20.7% on a year-over-year basis. As a group, equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.