ABN Amro Investment Solutions Takes Position in DoorDash, Inc. $DASH

ABN Amro Investment Solutions purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,458 shares of the company’s stock, valued at approximately $1,592,000.

Other large investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its stake in shares of DoorDash by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in DoorDash by 1.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after acquiring an additional 46 shares during the period. Yeomans Consulting Group Inc. boosted its stake 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 during the period. Palo Alto Wealth Advisors LLC boosted its holdings in DoorDash by 0.4% in 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 during the period. Finally, Westside Investment Management Inc. raised its position in shares of DoorDash by 9.0% during the second quarter. Westside Investment Management Inc. now owns 654 shares of the company’s stock valued at $160,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DASH shares. Stifel Nicolaus lowered their price target on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. The Goldman Sachs Group decreased their price target on DoorDash from $315.00 to $279.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Wells Fargo & Company reduced their price objective on DoorDash from $301.00 to $239.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. KeyCorp reaffirmed an “overweight” rating and issued a $325.00 price objective (up from $295.00) on shares of DoorDash in a research note on Thursday, August 7th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $325.00 price objective (up from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $279.00.

DoorDash Price Performance

Shares of DASH opened at $206.96 on Friday. The firm has a market capitalization of $89.20 billion, a PE ratio of 105.06 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The company’s 50-day moving average is $254.14 and its 200-day moving average is $237.81. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 27.3% on a year-over-year basis. Equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $263.86, for a total transaction of $376,000.50. Following the completion of the sale, the chief financial officer directly owned 214,147 shares in the company, valued at $56,504,827.42. This represents a 0.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andy Fang sold 30,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $244.39, for a total transaction of $7,331,700.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 791,110 shares of company stock worth $196,549,692. 5.83% of the stock is owned by insiders.

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.