DoorDash, Inc. $DASH Shares Purchased by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,369 shares of the company’s stock after acquiring an additional 51 shares during the quarter. Yeomans Consulting Group Inc.’s holdings in DoorDash were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after purchasing an additional 8,073,882 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 worth $897,031,000 after buying an additional 641,601 shares during the last quarter. Invesco Ltd. increased 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 buying an additional 1,416,194 shares in the last quarter. Northern Trust Corp lifted its position in shares of DoorDash by 38.2% during the 1st 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 during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of DoorDash by 36.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company’s stock worth $576,089,000 after acquiring an additional 842,637 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Price Performance

NASDAQ DASH opened at $270.09 on Friday. 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 $115.38 billion, a price-to-earnings ratio of 150.05 and a beta of 1.71. The company has a 50 day simple moving average of $255.09 and a 200-day simple moving average of $223.32. DoorDash, Inc. has a 52-week low of $140.62 and a 52-week high of $278.15.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 6.57% and a return on equity of 9.56%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.38) EPS. Equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent analyst reports. Oppenheimer boosted their target price on DoorDash from $280.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Truist Financial lifted their price target on DoorDash from $272.00 to $326.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Benchmark boosted their price objective on DoorDash from $260.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. BTIG Research raised their target price on shares of DoorDash from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, July 1st. Finally, Evercore ISI reissued an “outperform” rating and issued a $360.00 target price (up from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $275.42.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $266.16, for a total value of $379,278.00. Following the transaction, the chief financial officer owned 214,772 shares in the company, valued at $57,163,715.52. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Tia Sherringham sold 2,924 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $250.00, for a total value of $731,000.00. Following the completion of the transaction, the general counsel directly owned 112,782 shares in the company, valued at approximately $28,195,500. The trade was a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 891,841 shares of company stock valued at $220,178,742 in the last quarter. Corporate insiders own 5.83% of the company’s stock.

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.