Vest Financial LLC Purchases New Holdings in DoorDash, Inc. $DASH

Key Points

• Vest Financial LLC has acquired a new stake in DoorDash, purchasing 981 shares valued at approximately $242,000 during the second quarter.
• Insider activity includes significant sales, with Director Shona L. Brown selling 1,250 shares and Director Andy Fang selling 30,000 shares, totaling over $8 million in transactions.
• DoorDash's stock has seen a price increase, with analysts raising price targets significantly; the average target is now around $281.29, reflecting a strong market interest.

Vest Financial LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 981 shares of the company's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DASH. GFG Capital LLC bought a new position in DoorDash during the second quarter valued at $30,000. Saudi Central Bank bought a new position in DoorDash during the first quarter valued at $25,000. WPG Advisers LLC bought a new position in DoorDash during the first quarter valued at $26,000. Pacific Center for Financial Services bought a new position in DoorDash during the first quarter valued at $27,000. Finally, Harbour Investments Inc. grew its holdings in DoorDash by 55.6% during the first 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. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the firm's stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $277.47, for a total transaction of $346,837.50. Following the sale, the director owned 37,252 shares in the company, valued at $10,336,312.44. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 30,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.20, for a total value of $8,046,000.00. The disclosure for this sale can be found here. Insiders have sold 968,137 shares of company stock valued at $241,767,280 in the last ninety days. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Price Performance

NASDAQ:DASH opened at $272.61 on Thursday. The firm has a market capitalization of $116.46 billion, a price-to-earnings ratio of 151.45 and a beta of 1.71. DoorDash, Inc. has a 52-week low of $147.31 and a 52-week high of $285.08. The stock has a fifty day moving average of $259.32 and a 200 day moving average of $228.44. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) 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 analyst estimates of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.38) earnings per share. On average, research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on DASH shares. BTIG Research increased their price objective on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Mizuho set a $350.00 price objective on DoorDash and gave the company an "outperform" rating in a report on Monday, September 29th. JPMorgan Chase & Co. raised DoorDash from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $175.00 to $325.00 in a report on Tuesday. DA Davidson increased their price objective on DoorDash from $190.00 to $260.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Finally, JMP Securities raised their price target on DoorDash from $250.00 to $335.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, DoorDash has an average rating of "Moderate Buy" and an average price target of $281.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.