ASB Consultores LLC Sells 2,558 Shares of DoorDash, Inc. (NASDAQ:DASH)

ASB Consultores LLC decreased its stake in DoorDash, Inc. (NASDAQ:DASH) by 46.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,903 shares of the company’s stock after selling 2,558 shares during the period. ASB Consultores LLC’s holdings in DoorDash were worth $316,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of DASH. Meeder Asset Management Inc. increased its stake in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of DoorDash in the second quarter worth about $32,000. Versant Capital Management Inc increased its stake in shares of DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. ORG Partners LLC grew its position in DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Quest Partners LLC grew its position in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on DASH shares. UBS Group increased their price objective on shares of DoorDash from $125.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of DoorDash from $111.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Piper Sandler reiterated a “neutral” rating and issued a $125.00 price objective (up previously from $115.00) on shares of DoorDash in a research note on Friday, August 2nd. KeyCorp began coverage on shares of DoorDash in a research note on Thursday, July 11th. They issued a “sector weight” rating on the stock. Finally, Susquehanna increased their price objective on shares of DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. Eleven analysts have rated the stock with a hold rating and twenty 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 $143.00.

DoorDash Price Performance

DASH stock opened at $137.29 on Friday. The business has a 50-day moving average price of $120.04 and a 200 day moving average price of $121.42. The company has a market capitalization of $56.14 billion, a P/E ratio of -127.12, a PEG ratio of 275.59 and a beta of 1.69. DoorDash, Inc. has a 1-year low of $69.90 and a 1-year high of $143.34.

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

Insider Buying and Selling

In related news, insider Keith Yandell sold 6,554 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $107.75, for a total transaction of $706,193.50. Following the completion of the transaction, the insider now owns 155,097 shares in the company, valued at approximately $16,711,701.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Keith Yandell sold 6,554 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $107.75, for a total transaction of $706,193.50. Following the completion of the transaction, the insider now owns 155,097 shares in the company, valued at approximately $16,711,701.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shona L. Brown sold 1,712 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The disclosure for this sale can be found here. Insiders sold a total of 304,769 shares of company stock worth $34,760,113 in the last 90 days. 7.92% of the stock is owned by corporate insiders.

About DoorDash

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.