MBB Public Markets I LLC Invests $300,000 in DoorDash, Inc. $DASH

Key Points

• MBB Public Markets I LLC invested $300,000 in DoorDash, acquiring 1,641 shares, as disclosed in a recent Form 13F filing.
• Institutional ownership of DoorDash is significant, with over 90.64% of its stock held by hedge funds and institutional investors.
• DoorDash reported a quarterly EPS of $0.65, surpassing analysts' expectations and showing a 24.9% year-over-year revenue growth of $3.28 billion.

MBB Public Markets I LLC acquired a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,641 shares of the company's stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of DoorDash by 25.8% in the first 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 last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of DoorDash by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company's stock valued at $897,031,000 after acquiring an additional 641,601 shares in the last quarter. Invesco Ltd. grew its holdings in shares of DoorDash by 41.9% in the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock valued at $877,269,000 after acquiring an additional 1,416,194 shares in the last quarter. Northern Trust Corp grew its holdings in shares of DoorDash by 38.2% in the first quarter. Northern Trust Corp now owns 3,309,237 shares of the company's stock valued at $604,829,000 after acquiring an additional 915,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of DoorDash by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company's stock valued at $576,089,000 after acquiring an additional 842,637 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

DoorDash stock opened at $260.19 on Friday. DoorDash, Inc. has a one year low of $126.90 and a one year high of $278.15. The business has a fifty day moving average price of $247.83 and a 200-day moving average price of $215.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $111.15 billion, a P/E ratio of 144.55 and a beta of 1.70.

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

Insider Buying and Selling

In related news, General Counsel Tia Sherringham sold 2,924 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $250.00, for a total value of $731,000.00. Following the sale, the general counsel owned 112,782 shares in the company, valued at approximately $28,195,500. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $243.32, for a total value of $7,299,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,019,042 shares of company stock valued at $248,122,219 in the last ninety days. 5.83% of the stock is owned by insiders.

Analyst Ratings Changes

DASH has been the subject of several recent analyst reports. DA Davidson upped their target price on DoorDash from $190.00 to $260.00 and gave the company a "neutral" rating in a report on Wednesday. Evercore ISI reaffirmed an "outperform" rating and issued a $360.00 target price (up from $240.00) on shares of DoorDash in a report on Friday, August 8th. Stifel Nicolaus upped their target price on DoorDash from $214.00 to $239.00 and gave the company a "hold" rating in a report on Thursday, August 7th. Needham & Company LLC set a $300.00 price objective on DoorDash and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Bank of America increased their price objective on DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, June 12th. One 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's stock. According to data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and a consensus price target of $266.71.

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.

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