Chicago Partners Investment Group LLC Raises Holdings in DoorDash, Inc. $DASH

Chicago Partners Investment Group LLC lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 47.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,027 shares of the company’s stock after purchasing an additional 1,288 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in DoorDash were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 acquiring an additional 8,073,882 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of DoorDash by 442.5% in the 1st quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock worth $321,799,000 after acquiring an additional 1,497,636 shares during the last quarter. Invesco Ltd. boosted its position 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 purchasing an additional 1,416,194 shares during the period. Nuveen LLC acquired a new stake in DoorDash in the 1st quarter valued at approximately $211,415,000. Finally, Deutsche Bank AG raised its position in DoorDash by 111.3% in the first quarter. Deutsche Bank AG now owns 2,009,699 shares of the company’s stock valued at $367,313,000 after purchasing an additional 1,058,731 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Performance

Shares of DASH stock opened at $261.97 on Wednesday. The company has a market cap of $111.91 billion, a P/E ratio of 145.54 and a beta of 1.71. The firm has a fifty day moving average price of $259.45 and a 200 day moving average price of $231.17. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 12 month low of $150.26 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly 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 return on equity of 9.56% and a net margin of 6.57%.DoorDash’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.38) EPS. Sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $268.23, for a total transaction of $12,180,324.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $268.20, for a total transaction of $8,046,000.00. The disclosure for this sale can be found here. Insiders have sold 993,105 shares of company stock valued at $248,566,566 over the last 90 days. Insiders own 5.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DASH shares. Wells Fargo & Company lowered their price target on DoorDash from $306.00 to $301.00 and set an “equal weight” rating for the company in a research report on Friday, October 3rd. Royal Bank Of Canada increased their target price on shares of DoorDash from $230.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $330.00 price target on shares of DoorDash in a research note on Wednesday, September 17th. DA Davidson increased their price objective on DoorDash from $190.00 to $260.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Finally, Benchmark boosted their target price on DoorDash from $260.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $285.26.

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.