Plato Investment Management Ltd Takes Position in DoorDash, Inc. $DASH

Plato Investment Management Ltd acquired a new stake in DoorDash, Inc. (NASDAQ:DASHFree Report) during the second quarter, HoldingsChannel reports. The firm acquired 5,583 shares of the company’s stock, valued at approximately $1,024,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DASH. Brighton Jones LLC raised its stake in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after acquiring an additional 303 shares in the last quarter. Empowered Funds LLC raised its position in DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after acquiring an additional 285 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,049 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in shares of DoorDash during the 2nd quarter worth $222,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

Shares of DASH opened at $216.35 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $93.74 billion, a price-to-earnings ratio of 113.27 and a beta of 1.78. The company’s 50 day simple moving average is $188.55 and its 200 day simple moving average is $174.89. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASHGet Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. On average, sell-side analysts predict that DoorDash, Inc. will post 2.47 EPS for the current year.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial increased their target price on shares of DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research cut DoorDash from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Guggenheim reaffirmed a “buy” rating and issued a $255.00 price objective on shares of DoorDash in a research note on Tuesday, June 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoorDash in a report on Friday, August 7th. Finally, Cantor Fitzgerald boosted their target price on DoorDash from $230.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.09.

Check Out Our Latest Report on DASH

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 21,739 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the sale, the chief operating officer directly owned 959,076 shares in the company, valued at $148,896,549. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the sale, the chief financial officer directly owned 252,443 shares of the company’s stock, valued at approximately $47,469,381.72. This trade represents a 7.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 142,620 shares of company stock worth $26,822,778. Company insiders own 5.28% of the company’s stock.

DoorDash Profile

(Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

Further Reading

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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