Brighton Jones LLC Buys 82 Shares of DoorDash, Inc. (NASDAQ:DASH)

Brighton Jones LLC raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,317 shares of the company’s stock after acquiring an additional 82 shares during the period. Brighton Jones LLC’s holdings in DoorDash were worth $1,122,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Everhart Financial Group Inc. raised its stake in DoorDash by 3.1% in the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after purchasing an additional 99 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of DoorDash by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after acquiring an additional 108 shares during the period. E Fund Management Co. Ltd. boosted its position in shares of DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after acquiring an additional 111 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in DoorDash by 21.0% in the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after acquiring an additional 117 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its position in DoorDash by 4.4% during the first quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock valued at $414,000 after purchasing an additional 126 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $5,836,386.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Tony Xu sold 54,166 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $107.75, for a total transaction of $5,836,386.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Shona L. Brown sold 1,712 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total transaction of $189,980.64. Following the completion of the sale, the director now owns 70,191 shares of the company’s stock, valued at $7,789,095.27. The disclosure for this sale can be found here. Insiders have sold 304,769 shares of company stock valued at $34,760,113 in the last ninety days. 7.92% of the stock is owned by company insiders.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $139.72 on Friday. The company’s 50 day moving average price is $120.68 and its 200-day moving average price is $121.53. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34. The company has a market capitalization of $57.13 billion, a P/E ratio of -129.37, a price-to-earnings-growth ratio of 275.59 and a beta of 1.69.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm earned ($0.44) EPS. DoorDash’s quarterly revenue was up 23.3% on a year-over-year basis. Analysts forecast that DoorDash, Inc. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DASH. Needham & Company LLC raised their target price on DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Redburn Atlantic started coverage on DoorDash in a research note on Friday, July 26th. They issued a “buy” rating and a $170.00 price objective on the stock. Barclays lifted their target price on DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. DA Davidson increased their target price on shares of DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Argus started coverage on shares of DoorDash in a research note on Tuesday, July 23rd. They issued a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

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.