DoorDash, Inc. $DASH Shares Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 125.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,632 shares of the company’s stock after buying an additional 2,020 shares during the quarter. Insigneo Advisory Services LLC’s holdings in DoorDash were worth $895,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of DoorDash by 4.6% during the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after purchasing an additional 1,792,799 shares in the last quarter. Geode Capital Management LLC lifted its holdings in DoorDash by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after buying an additional 223,188 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in DoorDash by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock valued at $897,031,000 after buying an additional 641,601 shares during the last quarter. Invesco Ltd. grew its stake in shares of DoorDash by 41.9% during the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock valued at $877,269,000 after acquiring an additional 1,416,194 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of DoorDash by 38.2% during the first quarter. Northern Trust Corp now owns 3,309,237 shares of the company’s stock worth $604,829,000 after acquiring an additional 915,512 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total value of $11,097,749.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 288,410 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $196.04, for a total value of $56,539,896.40. Following the transaction, the chief executive officer owned 232,040 shares of the company’s stock, valued at approximately $45,489,121.60. This represents a 55.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 732,345 shares of company stock worth $169,950,987 over the last 90 days. Corporate insiders own 5.83% of the company’s stock.

DoorDash Price Performance

DASH opened at $188.08 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $247.13 and its 200 day moving average price is $238.69. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The firm has a market cap of $81.06 billion, a price-to-earnings ratio of 95.47 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of DoorDash from $301.00 to $239.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. UBS Group dropped their target price on shares of DoorDash from $316.00 to $241.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada cut their target price on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. BMO Capital Markets increased their price target on shares of DoorDash from $238.00 to $288.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Oppenheimer reissued an “outperform” rating and issued a $280.00 price objective on shares of DoorDash in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $275.62.

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.