Blue Trust Inc. Has $339,000 Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Blue Trust Inc. increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 289.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,373 shares of the company’s stock after buying an additional 1,763 shares during the quarter. Blue Trust Inc.’s holdings in DoorDash were worth $339,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DoorDash during the second quarter worth about $32,000. Versant Capital Management Inc grew its position in DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after buying an additional 259 shares in the last quarter. ORG Partners LLC grew its position in DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares in the last quarter. Finally, Quest Partners LLC grew its position in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. 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, 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 transaction of $746,480.00. Following the completion of the sale, the chief financial officer now directly owns 417,223 shares in the company, valued at approximately $44,492,660.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 390,710 shares of company stock valued at $54,472,120 in the last three months. 7.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DASH. Piper Sandler restated a “neutral” rating and set a $125.00 price target (up previously from $115.00) on shares of DoorDash in a research note on Friday, August 2nd. Barclays raised their price target on shares of DoorDash from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Susquehanna raised their price target 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. Jefferies Financial Group raised their price target on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.34.

DoorDash Stock Down 1.1 %

Shares of DASH stock opened at $150.92 on Thursday. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $154.16. The firm has a market capitalization of $61.71 billion, a price-to-earnings ratio of -141.24, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. The firm has a fifty day moving average of $136.33 and a 200-day moving average of $123.07.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results 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 firm 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 quarterly revenue was up 23.3% on a year-over-year basis. During the same period last year, the firm earned ($0.44) EPS. Research analysts expect that DoorDash, Inc. will post 0.01 earnings per share for the current 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.