Aberdeen Group plc Has $49.37 Million Holdings in DoorDash, Inc. $DASH

Aberdeen Group plc lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,279 shares of the company’s stock after buying an additional 16,686 shares during the period. Aberdeen Group plc’s holdings in DoorDash were worth $49,371,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DASH. Perigon Wealth Management LLC increased its holdings in DoorDash by 1.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after purchasing an additional 46 shares in the last quarter. Yeomans Consulting Group Inc. increased its holdings in DoorDash by 3.9% during the 2nd quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock valued at $326,000 after purchasing an additional 51 shares in the last quarter. Palo Alto Wealth Advisors LLC increased its holdings in DoorDash by 0.4% during the 1st quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock valued at $2,385,000 after purchasing an additional 54 shares in the last quarter. LVW Advisors LLC increased its holdings in DoorDash by 4.5% during the 2nd quarter. LVW Advisors LLC now owns 1,563 shares of the company’s stock valued at $385,000 after purchasing an additional 68 shares in the last quarter. Finally, SageView Advisory Group LLC increased its holdings in DoorDash by 5.1% during the 1st quarter. SageView Advisory Group LLC now owns 1,435 shares of the company’s stock valued at $262,000 after purchasing an additional 69 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Down 3.4%

Shares of DASH opened at $266.02 on Friday. DoorDash, Inc. has a 52 week low of $143.37 and a 52 week high of $285.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $113.64 billion, a price-to-earnings ratio of 147.79 and a beta of 1.71. The business’s fifty day moving average price is $258.41 and its two-hundred day moving average price is $226.97.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the company earned ($0.38) EPS. The firm’s revenue was up 24.9% on a year-over-year basis. On average, analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analyst Ratings Changes

DASH has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price target on DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a report on Thursday, August 7th. JMP Securities raised their price target on DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a report on Thursday, August 7th. DA Davidson raised their price target on DoorDash from $190.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Wall Street Zen upgraded DoorDash from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, KeyCorp reiterated an “overweight” rating and issued a $325.00 price objective (up from $295.00) on shares of DoorDash in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.27.

Insider Buying and Selling

In other news, CEO Tony Xu sold 291,403 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total value of $69,409,280.57. Following the transaction, the chief executive officer directly owned 229,047 shares in the company, valued at $54,556,704.93. This trade represents a 55.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the completion of the transaction, the director owned 22,545 shares in the company, valued at $6,216,558.30. This represents a 68.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,001,054 shares of company stock valued at $249,511,188 over the last 90 days. Company insiders own 5.83% of the company’s stock.

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.