Junto Capital Management LP Purchases Shares of 160,100 DoorDash, Inc. $DASH

Key Points

• Junto Capital Management LP has invested approximately $29.26 million in DoorDash, acquiring 160,100 shares during the 1st quarter.
• DoorDash reported a quarterly revenue of $3.28 billion, exceeding analysts' expectations and marking a 24.9% increase compared to the same quarter last year.
• In insider trading news, CEO Tony Xu sold 291,403 shares of DoorDash stock, representing a 55.99% decrease in his position.

Junto Capital Management LP acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 160,100 shares of the company's stock, valued at approximately $29,261,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of DoorDash in the first quarter worth $26,000. Harbour Investments Inc. boosted its stake in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after acquiring an additional 70 shares during the last quarter. SouthState Corp boosted its stake in DoorDash by 762.5% during the 1st quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after acquiring an additional 183 shares during the last quarter. ORG Partners LLC boosted its stake in DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after acquiring an additional 202 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after buying an additional 247 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 291,403 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 229,047 shares in the company, valued at approximately $54,556,704.93. The trade was a 55.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 41,881 shares of the business's stock in a transaction on Monday, August 25th. The stock was 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 owned 914,547 shares of the company's stock, valued at $224,813,943.54. The trade was a 4.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 901,361 shares of company stock valued at $218,575,187 in the last three months. Company insiders own 5.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of DoorDash from $210.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Citigroup reiterated an "outperform" rating on shares of DoorDash in a research report on Thursday, August 7th. UBS Group lifted their price objective 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. Loop Capital reissued a "buy" rating on shares of DoorDash in a research note on Tuesday, July 15th. Finally, Wedbush reaffirmed a "neutral" rating on shares of DoorDash in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $263.88.

DoorDash Stock Down 0.5%

NASDAQ DASH traded down $1.15 during trading on Tuesday, reaching $244.10. The company's stock had a trading volume of 2,683,546 shares, compared to its average volume of 4,638,260. 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 $104.28 billion, a PE ratio of 135.61 and a beta of 1.70. The business has a 50-day moving average price of $245.82 and a 200-day moving average price of $213.06. DoorDash, Inc. has a 1-year low of $122.32 and a 1-year high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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 net margin of 6.57% and a return on equity of 9.56%. The company's revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.38) earnings per share. On average, research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.