Chevy Chase Trust Holdings LLC Acquires 3,176 Shares of DoorDash, Inc. $DASH

Chevy Chase Trust Holdings LLC increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,099 shares of the company’s stock after purchasing an additional 3,176 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in DoorDash were worth $44,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Saudi Central Bank bought a new stake in shares of DoorDash in the first quarter worth about $25,000. WPG Advisers LLC bought a new stake in shares of DoorDash in the first quarter worth about $26,000. Pacific Center for Financial Services bought a new stake in shares of DoorDash in the first quarter worth about $27,000. GFG Capital LLC bought a new stake in shares of DoorDash in the second quarter worth about $30,000. Finally, Harbour Investments Inc. grew its stake in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 41,881 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $245.82, for a total value of $10,295,187.42. Following the completion of the transaction, the chief operating officer directly owned 914,547 shares in the company, valued at $224,813,943.54. The trade was a 4.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $247.11, for a total transaction of $11,221,265.10. Following the completion of the transaction, the director owned 26,070 shares of the company’s stock, valued at approximately $6,442,157.70. The trade was a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 993,105 shares of company stock valued at $248,566,566 over the last ninety days. Company insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on DASH shares. BTIG Research raised their target price on DoorDash from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, July 1st. Jefferies Financial Group raised their price objective on shares of DoorDash from $265.00 to $280.00 and gave the stock a “hold” rating in a report on Friday. Guggenheim upgraded shares of DoorDash to a “strong-buy” rating in a report on Wednesday. Citigroup restated an “outperform” rating on shares of DoorDash in a report on Thursday, August 7th. Finally, Loop Capital restated a “buy” rating on shares of DoorDash in a report on Tuesday, July 15th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $282.91.

DoorDash Price Performance

DASH stock opened at $263.06 on Friday. The firm has a 50 day moving average price of $259.31 and a 200-day moving average price of $229.57. DoorDash, Inc. has a 52-week low of $150.26 and a 52-week high of $285.50. The firm has a market capitalization of $112.38 billion, a price-to-earnings ratio of 146.15 and a beta of 1.71. 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) last released its earnings results 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. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. 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 business earned ($0.38) earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. Equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.