851 Shares in DoorDash, Inc. $DASH Bought by Keyvantage Wealth LLC

Keyvantage Wealth LLC acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 851 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Night Squared LP bought a new position in DoorDash in the first quarter valued at $2,780,000. Public Investment Fund boosted its holdings in shares of DoorDash by 68.3% in the 1st quarter. Public Investment Fund now owns 821,389 shares of the company’s stock worth $150,125,000 after purchasing an additional 333,369 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of DoorDash during the 1st quarter valued at about $7,200,000. Ardmore Road Asset Management LP increased its position in shares of DoorDash by 6.7% during the 1st quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock valued at $14,622,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of DoorDash during the 1st quarter valued at about $29,261,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Performance

NASDAQ:DASH opened at $206.96 on Friday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The stock has a market cap of $89.20 billion, a P/E ratio of 105.06 and a beta of 1.70. The firm’s fifty day simple moving average is $254.14 and its 200 day simple moving average is $237.81. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 27.3% on a year-over-year basis. As a group, research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Transactions at DoorDash

In related news, COO Prabir Adarkar sold 41,881 shares of DoorDash stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the transaction, the chief operating officer directly owned 914,547 shares of the company’s stock, valued at $224,813,943.54. This trade represents a 4.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $243.31, for a total transaction of $11,048,707.10. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 791,110 shares of company stock worth $196,549,692. Corporate insiders own 5.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DASH. Raymond James Financial reiterated a “strong-buy” rating and set a $325.00 price target (up from $275.00) on shares of DoorDash in a research report on Thursday, August 7th. Jefferies Financial Group upped their price objective on shares of DoorDash from $265.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 17th. Needham & Company LLC decreased their target price on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday. Oppenheimer restated an “outperform” rating and set a $280.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Finally, BMO Capital Markets raised their price objective on DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $279.00.

DoorDash 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.