Crestwood Advisors Group LLC Buys 299 Shares of DoorDash, Inc. $DASH

Crestwood Advisors Group LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 26.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,421 shares of the company’s stock after purchasing an additional 299 shares during the quarter. Crestwood Advisors Group LLC’s holdings in DoorDash were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DASH. Vanguard Group Inc. increased its position in shares of 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 buying an additional 8,073,882 shares during the period. AQR Capital Management LLC boosted its position in DoorDash by 442.5% during the 1st quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock valued at $321,799,000 after acquiring an additional 1,497,636 shares in the last quarter. Invesco Ltd. grew its holdings in shares of DoorDash by 41.9% during the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after acquiring an additional 1,416,194 shares during the period. Nuveen LLC bought a new position in shares of DoorDash in the 1st quarter worth approximately $211,415,000. Finally, Deutsche Bank AG raised its position in shares of DoorDash by 111.3% in the 1st quarter. Deutsche Bank AG now owns 2,009,699 shares of the company’s stock worth $367,313,000 after acquiring an additional 1,058,731 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $244.39, for a total transaction of $11,097,749.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $263.86, for a total value of $376,000.50. Following the sale, the chief financial officer directly owned 214,147 shares in the company, valued at $56,504,827.42. This trade represents a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 876,527 shares of company stock worth $218,129,954. Insiders own 5.83% of the company’s stock.

DoorDash Stock Up 4.0%

Shares of DoorDash stock opened at $204.31 on Friday. The company has a 50-day simple moving average of $258.75 and a two-hundred day simple moving average of $237.24. The stock has a market capitalization of $87.28 billion, a PE ratio of 103.71 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.07 and a current ratio of 2.04.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. On average, analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DASH shares. Evercore ISI reaffirmed an “outperform” rating and issued a $360.00 price target (up from $240.00) on shares of DoorDash in a research note on Friday, August 8th. BMO Capital Markets boosted their target price on shares of DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. DA Davidson reiterated a “neutral” rating and issued a $260.00 price target on shares of DoorDash in a research note on Thursday. Guggenheim raised shares of DoorDash to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Benchmark upped their price objective on shares of DoorDash from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.62.

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.