Jump Financial LLC Purchases 29,379 Shares of DoorDash, Inc. $DASH

Key Points

• Jump Financial LLC increased its stake in DoorDash, Inc. by 19.8%, owning a total of 178,117 shares valued at approximately $32.55 million.
• A significant number of institutional investors have also raised their stakes in DoorDash, indicating a robust interest in the company.
• DoorDash's stock has received strong ratings and increased price targets from multiple analysts, with an average consensus target price of $263.88.

Jump Financial LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 19.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,117 shares of the company's stock after purchasing an additional 29,379 shares during the period. Jump Financial LLC's holdings in DoorDash were worth $32,554,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Harbour Investments Inc. increased its holdings in shares of DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after purchasing an additional 70 shares during the period. SouthState Corp increased its holdings in shares of DoorDash by 762.5% in the 1st quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after purchasing an additional 183 shares during the period. ORG Partners LLC increased its holdings in shares of DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after purchasing an additional 202 shares during the period. Rothschild Investment LLC increased its holdings in shares of DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after purchasing an additional 247 shares during the period. Finally, Mizuho Securities Co. Ltd. increased its holdings 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 and hedge funds own 90.64% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DASH shares. Wall Street Zen upgraded DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. KeyCorp restated an "overweight" rating and issued a $325.00 price objective (up previously from $295.00) on shares of DoorDash in a report on Thursday, August 7th. Evercore ISI restated an "outperform" rating and issued a $360.00 price objective (up previously from $240.00) on shares of DoorDash in a report on Friday, August 8th. Raymond James Financial restated a "strong-buy" rating and issued a $325.00 price objective (up previously from $275.00) on shares of DoorDash in a report on Thursday, August 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $260.00 price objective (up previously from $210.00) on shares of DoorDash in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $263.88.

Insider Buying and Selling

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $247.11, for a total value of $11,221,265.10. Following the completion of the sale, the director directly owned 26,070 shares of the company's stock, valued at approximately $6,442,157.70. This represents a 63.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $275.74, for a total value of $13,787,000.00. Following the completion of 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. Insiders sold 890,883 shares of company stock worth $214,419,337 over the last ninety days. Company insiders own 5.83% of the company's stock.

DoorDash Stock Performance

DoorDash stock traded down $3.14 during trading hours on Wednesday, reaching $245.65. 2,976,591 shares of the company were exchanged, compared to its average volume of 4,678,251. The firm has a market cap of $104.94 billion, a price-to-earnings ratio of 136.47 and a beta of 1.70. 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 50-day moving average of $243.99 and a 200 day moving average of $211.73. DoorDash, Inc. has a 12 month low of $122.32 and a 12 month high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The company's revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.38) earnings per share. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current 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.