Kera Capital Partners Inc. Buys 1,227 Shares of DoorDash, Inc. $DASH

Key Points

• Kera Capital Partners Inc. has increased its stake in DoorDash, Inc. by 68.0%, acquiring an additional 1,227 shares, bringing its total holdings to 3,031 shares valued at approximately $747,000.
• DoorDash's stock received several positive analyst ratings, with Wells Fargo raising its price target to $306 and other firms increasing their targets, indicating a strong market sentiment.
• Recently reported quarterly earnings showed DoorDash beat estimates with an EPS of $0.65 and revenue of $3.28 billion, marking a 24.9% increase year-over-year.

Kera Capital Partners Inc. increased its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 68.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,031 shares of the company's stock after purchasing an additional 1,227 shares during the quarter. Kera Capital Partners Inc.'s holdings in DoorDash were worth $747,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DASH. Vanguard Group Inc. raised its holdings in shares of DoorDash by 25.8% in the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after purchasing an additional 8,073,882 shares during the period. AQR Capital Management LLC raised its holdings in shares of DoorDash by 442.5% in the 1st quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company's stock worth $321,799,000 after purchasing an additional 1,497,636 shares during the period. Invesco Ltd. raised its holdings in shares of DoorDash by 41.9% in the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock worth $877,269,000 after purchasing an additional 1,416,194 shares during the period. Nuveen LLC bought a new stake in shares of DoorDash in the 1st quarter worth approximately $211,415,000. Finally, Deutsche Bank AG raised its holdings in shares of DoorDash by 111.3% in the 1st quarter. Deutsche Bank AG now owns 2,009,699 shares of the company's stock worth $367,313,000 after purchasing an additional 1,058,731 shares during the period. Institutional investors own 90.64% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on DASH. Wells Fargo & Company lifted their price target on shares of DoorDash from $280.00 to $306.00 and gave the stock an "equal weight" rating in a report on Friday, September 5th. Wall Street Zen raised shares of DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Susquehanna lifted their price target on shares of DoorDash from $235.00 to $300.00 and gave the stock a "positive" rating in a report on Monday, August 11th. KeyCorp reissued an "overweight" rating and set a $325.00 target price (up previously from $295.00) on shares of DoorDash in a report on Thursday, August 7th. Finally, Stifel Nicolaus boosted their target price on shares of DoorDash from $214.00 to $239.00 and gave the company a "hold" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and an average target price of $266.71.

DoorDash Trading Down 0.8%

Shares of DASH stock opened at $257.98 on Friday. The company's fifty day simple moving average is $248.21 and its two-hundred day simple moving average is $215.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. DoorDash, Inc. has a 1 year low of $126.90 and a 1 year high of $278.15. The stock has a market capitalization of $110.21 billion, a price-to-earnings ratio of 143.32 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 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 analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.38) EPS. As a group, analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Activity

In other news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the completion of the transaction, the director directly owned 26,070 shares in the company, valued at $6,274,788.30. The trade was a 63.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Prabir Adarkar sold 41,881 shares of the business's stock in a transaction on 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 transaction, the chief operating officer owned 914,547 shares of the company's stock, valued at $224,813,943.54. This trade represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,019,042 shares of company stock valued at $248,122,219 over the last 90 days. 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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