DoorDash, Inc. $DASH Position Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 23.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,428 shares of the company’s stock after purchasing an additional 7,318 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in DoorDash were worth $9,474,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Saudi Central Bank bought a new position in shares of DoorDash during the first quarter worth about $25,000. WPG Advisers LLC bought a new position in shares of DoorDash during the first quarter worth about $26,000. Pacific Center for Financial Services bought a new position in shares of DoorDash during the first quarter worth about $27,000. GFG Capital LLC bought a new position in shares of DoorDash during the second quarter worth about $30,000. Finally, Harbour Investments Inc. lifted its position in shares of DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 34,166 shares of DoorDash stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $268.24, for a total transaction of $9,164,687.84. Following the sale, the chief executive officer owned 520,450 shares of the company’s stock, valued at approximately $139,605,508. The trade was a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 30,000 shares of the firm’s 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. In the last 90 days, insiders have sold 1,001,054 shares of company stock valued at $249,511,188. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

DASH opened at $266.02 on Monday. The business’s 50 day moving average is $258.41 and its 200-day moving average is $227.20. The stock has a market cap of $113.64 billion, a PE ratio of 147.79 and a beta of 1.71. 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 twelve month low of $143.37 and a twelve month high of $285.08.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Evercore ISI reissued an “outperform” rating and issued a $360.00 target price (up previously from $240.00) on shares of DoorDash in a report on Friday, August 8th. Royal Bank Of Canada raised 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. Stifel Nicolaus raised their target price on shares of DoorDash from $214.00 to $239.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. Truist Financial raised their target price on shares of DoorDash from $272.00 to $326.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Piper Sandler raised their target price on shares of DoorDash from $210.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $275.27.

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.