David J Yvars Group Makes New Investment in DoorDash, Inc. $DASH

David J Yvars Group acquired a new position in DoorDash, Inc. (NASDAQ:DASH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,900 shares of the company’s stock, valued at approximately $1,208,000. DoorDash accounts for about 0.7% of David J Yvars Group’s portfolio, making the stock its 21st largest holding.

A number of other large investors have also modified their holdings of the company. Saudi Central Bank acquired a new position in shares of DoorDash during the 1st quarter worth about $25,000. WPG Advisers LLC acquired a new position in shares of DoorDash during the 1st quarter worth about $26,000. Pacific Center for Financial Services acquired a new position in shares of DoorDash during the 1st quarter worth about $27,000. Harbour Investments Inc. raised its position in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares during the last quarter. Finally, SouthState Corp raised its position in shares of DoorDash by 762.5% during the 1st quarter. SouthState Corp now owns 207 shares of the company’s stock worth $38,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $243.31, for a total value of $11,048,707.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 17,083 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $250.50, for a total transaction of $4,279,291.50. Following the completion of the sale, the chief executive officer owned 1,500 shares in the company, valued at $375,750. The trade was a 91.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 974,798 shares of company stock worth $238,357,125. 5.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. KeyCorp restated an “overweight” rating and set a $325.00 price target (up previously from $295.00) on shares of DoorDash in a research report on Thursday, August 7th. Roth Capital upped their price target on shares of DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Wells Fargo & Company upped their price target on shares of DoorDash from $280.00 to $306.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Loop Capital reiterated a “buy” rating on shares of DoorDash in a report on Tuesday, July 15th. Finally, UBS Group increased their price objective on shares of DoorDash from $260.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $266.71.

DoorDash Price Performance

DoorDash stock opened at $263.09 on Wednesday. The firm has a market cap of $112.39 billion, a PE ratio of 146.16 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $126.90 and a 52-week high of $278.15. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $248.87 and its two-hundred day moving average is $216.94.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the business earned ($0.38) EPS. The company’s revenue was up 24.9% on a year-over-year basis. On average, research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.