Vanguard Personalized Indexing Management LLC Raises Position in DoorDash, Inc. $DASH

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in DoorDash by 23.5%, owning 38,428 shares valued at approximately $9.47 million by the end of the last quarter.
• DoorDash reported earnings of $0.65 per share for the last quarter, exceeding estimates of $0.42 per share, and achieved a revenue of $3.28 billion, up 24.9% year-over-year.
• Insider activity included significant sales by CEO Tony Xu and Director Andy Fang, totaling over $17 million in shares sold on October 1st, reducing their ownership stakes in the company.

Vanguard Personalized Indexing Management LLC grew its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 23.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,428 shares of the company's stock after purchasing an additional 7,318 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in DoorDash were worth $9,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Saudi Central Bank acquired a new stake in shares of DoorDash during the 1st quarter worth $25,000. WPG Advisers LLC acquired a new stake in shares of DoorDash during the 1st quarter worth $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash during the 1st quarter worth $27,000. GFG Capital LLC acquired a new stake in shares of DoorDash during the 2nd quarter worth $30,000. Finally, Harbour Investments Inc. increased 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 buying an additional 70 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Down 3.4%

Shares of NASDAQ DASH opened at $266.02 on Monday. The stock has a fifty day moving average price of $258.41 and a 200 day moving average price of $227.20. 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 company has a market cap of $113.64 billion, a P/E ratio of 147.79 and a beta of 1.71. DoorDash, Inc. has a 12-month low of $143.37 and a 12-month high of $285.08.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned ($0.38) earnings per share. Research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on DASH. Sanford C. Bernstein upped their price objective on DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. BTIG Research upped their price objective on DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Wall Street Zen upgraded DoorDash from a "hold" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company dropped their price objective on DoorDash from $306.00 to $301.00 and set an "equal weight" rating for the company in a report on Friday, October 3rd. Finally, DA Davidson upped their price objective on DoorDash from $190.00 to $260.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $275.27.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $268.20, for a total transaction of $8,046,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 34,166 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.24, for a total value of $9,164,687.84. Following the sale, the chief executive officer owned 520,450 shares of the company's stock, valued at $139,605,508. This represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,001,054 shares of company stock valued at $249,511,188. 5.83% of the stock is currently owned by insiders.

About DoorDash

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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