Creative Planning Buys 40,489 Shares of DoorDash, Inc. (NASDAQ:DASH)

Creative Planning increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 58.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,972 shares of the company’s stock after purchasing an additional 40,489 shares during the period. Creative Planning’s holdings in DoorDash were worth $15,696,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DASH. Janus Henderson Group PLC raised its position in DoorDash by 11,416.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after purchasing an additional 3,425,115 shares during the last quarter. Dragoneer Investment Group LLC grew its holdings in DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after acquiring an additional 1,246,567 shares during the period. Canada Pension Plan Investment Board grew its holdings in DoorDash by 595.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock worth $122,830,000 after acquiring an additional 763,579 shares during the period. Jupiter Asset Management Ltd. grew its holdings in DoorDash by 3,284.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock worth $79,385,000 after acquiring an additional 708,218 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in DoorDash during the 1st quarter worth $92,141,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DASH. JMP Securities lifted their target price on shares of DoorDash from $145.00 to $160.00 and gave the stock a “market outperform” rating in a report on Monday, September 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 target price on shares of DoorDash in a report on Monday, October 7th. Oppenheimer boosted their price target on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Piper Sandler reissued a “neutral” rating and issued a $125.00 price target (up previously from $115.00) on shares of DoorDash in a report on Friday, August 2nd. Finally, Susquehanna boosted their price target on shares of DoorDash from $135.00 to $140.00 and gave the company a “positive” rating in a report on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average price target of $148.16.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $152.89 on Tuesday. The company’s 50-day moving average price is $135.26 and its two-hundred day moving average price is $122.85. DoorDash, Inc. has a one year low of $69.90 and a one year high of $152.89. The stock has a market capitalization of $62.52 billion, a PE ratio of -141.56, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70.

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

Insider Activity

In other news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total value of $746,480.00. Following the sale, the chief financial officer now directly owns 417,223 shares of the company’s stock, valued at approximately $44,492,660.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total value of $746,480.00. Following the sale, the chief financial officer now directly owns 417,223 shares of the company’s stock, valued at approximately $44,492,660.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total transaction of $6,685,709.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 390,710 shares of company stock valued at $54,472,120. 7.92% of the stock is owned by company 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.