HighTower Advisors LLC Has $5.11 Million Stake in DoorDash, Inc. $DASH

Key Points

• HighTower Advisors LLC acquired an additional 8,086 shares of DoorDash, Inc., increasing its holdings by 40.7%, bringing its total to 27,971 shares valued at approximately $5.11 million.
• DoorDash reported $0.65 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $0.42, with a revenue of $3.28 billion, up 24.9% year-over-year.
• Several institutional investors have increased their stakes in DoorDash, with Vanguard Group Inc. raising its position by 25.8%, now holding over 39 million shares valued at around $7.2 billion.

HighTower Advisors LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 40.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,971 shares of the company's stock after purchasing an additional 8,086 shares during the period. HighTower Advisors LLC's holdings in DoorDash were worth $5,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Harbour Investments Inc. lifted its holdings 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 acquiring an additional 70 shares during the period. SouthState Corp lifted its stake in DoorDash by 762.5% during the first quarter. SouthState Corp now owns 207 shares of the company's stock worth $38,000 after purchasing an additional 183 shares during the period. ORG Partners LLC lifted its stake in DoorDash by 404.0% during the first quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after purchasing an additional 202 shares during the period. Rothschild Investment LLC boosted its holdings in DoorDash by 1,452.9% during the first quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after purchasing an additional 247 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. grew its stake in shares of DoorDash by 150.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after purchasing an additional 180 shares during the period. Institutional investors own 90.64% of the company's stock.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 291,403 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the sale, the director directly owned 22,545 shares of the company's stock, valued at $6,216,558.30. This represents a 68.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 905,179 shares of company stock worth $217,357,737. Insiders own 5.83% of the company's stock.

DoorDash Price Performance

Shares of DASH traded up $2.14 during mid-day trading on Friday, hitting $247.32. 2,811,511 shares of the company traded hands, compared to its average volume of 3,882,916. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $105.66 billion, a price-to-earnings ratio of 137.40 and a beta of 1.70. The business has a 50-day moving average of $242.93 and a 200 day moving average of $210.92. DoorDash, Inc. has a one year low of $122.32 and a one year high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share 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 firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.16 billion. During the same quarter in the previous year, the company posted ($0.38) EPS. DoorDash's revenue was up 24.9% on a year-over-year basis. As a group, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on DASH shares. BTIG Research raised their target price on DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Morgan Stanley lifted their price objective on DoorDash from $275.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $325.00 target price (up previously from $275.00) on shares of DoorDash in a report on Thursday, August 7th. Wall Street Zen upgraded shares of DoorDash from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Roth Capital lifted their price target on shares of DoorDash from $191.00 to $225.00 and gave the company a "neutral" rating in a report on Monday, July 14th. One 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $263.88.

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.