Beaumont Financial Advisors LLC Buys New Stake in DoorDash, Inc. $DASH

Beaumont Financial Advisors LLC bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,111 shares of the company’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DASH. Brighton Jones LLC raised its holdings in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares during the last quarter. Centaurus Financial Inc. purchased a new position in shares of DoorDash in the fourth quarter worth $137,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of DoorDash by 234.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 38,990 shares of the company’s stock worth $6,541,000 after buying an additional 27,330 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of DoorDash by 80.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 492 shares of the company’s stock worth $90,000 after buying an additional 220 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of DoorDash by 185.6% in the first quarter. Versant Capital Management Inc now owns 2,570 shares of the company’s stock worth $470,000 after buying an additional 1,670 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 51,250 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $258.26, for a total transaction of $13,235,825.00. Following the sale, the chief executive officer owned 1,500 shares in the company, valued at approximately $387,390. This trade represents a 97.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $243.32, for a total transaction of $7,299,600.00. The disclosure for this sale can be found here. Insiders have sold 991,480 shares of company stock valued at $243,387,669 in the last quarter. 5.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DASH shares. JMP Securities raised their price target on shares of DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. Susquehanna raised 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. Oppenheimer raised their price target on shares of DoorDash from $280.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. 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, Wall Street Zen cut shares of DoorDash from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $271.55.

DoorDash Stock Up 0.1%

DASH stock opened at $262.47 on Friday. The firm has a market cap of $112.13 billion, a PE ratio of 145.82 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s fifty day moving average is $252.74 and its 200 day moving average is $221.19. DoorDash, Inc. has a one year low of $140.53 and a one year high of $278.15.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. The company had revenue of $3.28 billion for 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 firm’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.38) earnings per share. On average, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

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.