DoorDash, Inc. $DASH Shares Acquired by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 42.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,157 shares of the company’s stock after purchasing an additional 7,461 shares during the period. DoorDash comprises about 1.0% of University of Texas Texas AM Investment Management Co.’s holdings, making the stock its 22nd largest holding. University of Texas Texas AM Investment Management Co.’s holdings in DoorDash were worth $6,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Perigon Wealth Management LLC grew its position in shares of DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after buying an additional 46 shares in the last quarter. Yeomans Consulting Group Inc. grew its holdings in DoorDash by 3.9% during the 2nd quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after acquiring an additional 51 shares in the last quarter. Palo Alto Wealth Advisors LLC increased its position in shares of DoorDash by 0.4% in the 1st quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock valued at $2,385,000 after purchasing an additional 54 shares during the last quarter. LVW Advisors LLC raised its holdings in shares of DoorDash by 4.5% in the 2nd quarter. LVW Advisors LLC now owns 1,563 shares of the company’s stock valued at $385,000 after purchasing an additional 68 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its position in shares of DoorDash by 5.1% during the 1st quarter. SageView Advisory Group LLC now owns 1,435 shares of the company’s stock worth $262,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other news, COO Prabir Adarkar sold 24,968 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total value of $6,799,285.76. Following the sale, the chief operating officer directly owned 909,579 shares in the company, valued at $247,696,553.28. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $263.86, for a total value of $376,000.50. Following the sale, the chief financial officer owned 214,147 shares of the company’s stock, valued at approximately $56,504,827.42. This represents a 0.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 932,156 shares of company stock worth $233,565,302 in the last quarter. Insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of several recent analyst reports. Morgan Stanley increased their target price on DoorDash from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Zacks Research upgraded shares of DoorDash from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Wells Fargo & Company reduced their price target on shares of DoorDash from $306.00 to $301.00 and set an “equal weight” rating for the company in a research report on Friday, October 3rd. Truist Financial boosted their target price on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus upped their target price on DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $287.79.

DoorDash Price Performance

Shares of DASH opened at $258.15 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average is $259.75 and its two-hundred day moving average is $233.03. DoorDash, Inc. has a twelve month low of $152.26 and a twelve month high of $285.50. The firm has a market capitalization of $110.28 billion, a PE ratio of 143.42 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The company had revenue of $3.28 billion during 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 firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.38) earnings per share. Research analysts anticipate that DoorDash, Inc. will post 2.22 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.