Geneos Wealth Management Inc. Buys 527 Shares of DoorDash, Inc. $DASH

Geneos Wealth Management Inc. lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 14.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,069 shares of the company’s stock after acquiring an additional 527 shares during the quarter. Geneos Wealth Management Inc.’s holdings in DoorDash were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of DoorDash by 25.8% in the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock worth $7,200,642,000 after acquiring an additional 8,073,882 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of DoorDash by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock worth $897,031,000 after acquiring an additional 641,601 shares during the period. Invesco Ltd. grew its stake in shares of DoorDash by 41.9% in the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after acquiring an additional 1,416,194 shares during the period. Northern Trust Corp grew its stake in shares of DoorDash by 38.2% in 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 period. Finally, Goldman Sachs Group Inc. grew its stake in shares of DoorDash by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company’s stock worth $576,089,000 after acquiring an additional 842,637 shares during the period. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

DASH opened at $257.98 on Friday. The firm has a market cap of $110.21 billion, a P/E ratio of 143.32 and a beta of 1.70. DoorDash, Inc. has a 1-year low of $126.90 and a 1-year high of $278.15. The company has a 50 day simple moving average of $248.21 and a two-hundred day simple moving average of $216.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07.

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

Insider Activity

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90. Following the completion of the transaction, the director directly owned 26,070 shares in the company, valued at $6,274,788.30. This represents a 63.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 291,403 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the completion of the transaction, the chief executive officer owned 229,047 shares of the company’s stock, valued at approximately $54,556,704.93. The trade was a 55.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,019,042 shares of company stock valued at $248,122,219. Company insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DASH shares. Stifel Nicolaus lifted their price target on shares of DoorDash from $214.00 to $239.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Needham & Company LLC set a $300.00 target price on shares of DoorDash and gave the company a “buy” rating in a research report on Thursday, August 7th. Bank of America boosted their target price on shares of DoorDash from $230.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Truist Financial boosted their target price on shares of DoorDash from $272.00 to $326.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Benchmark boosted their target price on shares of DoorDash from $260.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $266.71.

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.