Vanguard Personalized Indexing Management LLC Buys 2,265 Shares of DoorDash, Inc. (NASDAQ:DASH)

Vanguard Personalized Indexing Management LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 11.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,743 shares of the company’s stock after acquiring an additional 2,265 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in DoorDash were worth $2,365,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of DoorDash by 82.0% during the 2nd 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 acquired a new stake in shares of DoorDash during the second quarter worth approximately $32,000. Versant Capital Management Inc raised 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 valued at $36,000 after acquiring an additional 259 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Up 1.8 %

NASDAQ:DASH opened at $139.72 on Friday. DoorDash, Inc. has a 1 year low of $69.90 and a 1 year high of $143.34. The stock has a 50-day moving average price of $120.68 and a two-hundred day moving average price of $121.53. The stock has a market cap of $57.13 billion, a price-to-earnings ratio of -129.37, a PEG ratio of 275.59 and a beta of 1.69.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data 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). The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. DoorDash’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.44) earnings per share. Sell-side analysts forecast that DoorDash, Inc. will post 0.01 earnings per share for the current year.

Insider Transactions at DoorDash

In related news, Director Shona L. Brown sold 1,712 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total value of $189,980.64. Following the sale, the director now directly owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Shona L. Brown sold 1,712 shares of DoorDash stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the sale, the director now owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $105.57, for a total value of $5,278,500.00. Following the transaction, the director now directly owns 19,982 shares of the company’s stock, valued at approximately $2,109,499.74. The disclosure for this sale can be found here. Insiders sold 304,769 shares of company stock valued at $34,760,113 over the last quarter. Corporate insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on DASH shares. Piper Sandler reissued 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. Roth Mkm upped their price target on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Argus started coverage on shares of DoorDash in a research report on Tuesday, July 23rd. They issued a “hold” rating for the company. BMO Capital Markets upped their target price on shares of DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Truist Financial raised their price target on shares of DoorDash from $145.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $143.00.

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.