MGO One Seven LLC Purchases 79 Shares of DoorDash, Inc. $DASH

MGO One Seven LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,263 shares of the company’s stock after purchasing an additional 79 shares during the quarter. MGO One Seven LLC’s holdings in DoorDash were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Night Squared LP bought a new stake in shares of DoorDash in the 1st quarter worth approximately $2,780,000. Mutual of America Capital Management LLC bought a new stake in shares of DoorDash in the 1st quarter worth approximately $7,200,000. Public Investment Fund lifted its holdings in shares of DoorDash by 68.3% in the 1st quarter. Public Investment Fund now owns 821,389 shares of the company’s stock worth $150,125,000 after acquiring an additional 333,369 shares during the last quarter. Ardmore Road Asset Management LP lifted its holdings in shares of DoorDash by 6.7% in the 1st quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock worth $14,622,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Junto Capital Management LP bought a new stake in shares of DoorDash in the 1st quarter worth approximately $29,261,000. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the transaction, the director owned 26,070 shares in the company, valued at $6,442,157.70. This represents a 63.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 291,403 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the sale, the chief executive officer owned 229,047 shares in the company, valued at approximately $54,556,704.93. The trade was a 55.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 993,105 shares of company stock worth $248,566,566 over the last quarter. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $263.06 on Monday. DoorDash, Inc. has a one year low of $150.26 and a one year high of $285.50. The company’s 50-day moving average is $259.31 and its 200 day moving average is $230.24. The company has a market capitalization of $112.38 billion, a price-to-earnings ratio of 146.15 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) EPS. Sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DASH shares. Wall Street Zen upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Guggenheim raised shares of DoorDash to a “strong-buy” rating in a research note on Wednesday, October 15th. Zacks Research raised shares of DoorDash from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Stifel Nicolaus lifted their target price on shares of DoorDash from $214.00 to $239.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Finally, JMP Securities boosted their price objective on shares of DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a research report on Thursday, August 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $282.91.

DoorDash Company 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.