DoorDash, Inc. $DASH Shares Acquired by Future Fund LLC

Future Fund LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,897 shares of the company’s stock after acquiring an additional 564 shares during the period. DoorDash makes up about 0.9% of Future Fund LLC’s portfolio, making the stock its 26th largest holding. Future Fund LLC’s holdings in DoorDash were worth $1,947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Saudi Central Bank purchased a new position in DoorDash during the first quarter worth approximately $25,000. WPG Advisers LLC acquired a new position in shares of DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new position in shares of DoorDash during the 1st quarter worth approximately $27,000. GFG Capital LLC purchased a new position in shares of DoorDash during the 2nd quarter valued at approximately $30,000. Finally, Harbour Investments Inc. lifted 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 valued at $36,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

DASH opened at $204.31 on Friday. The firm has a market capitalization of $87.28 billion, a PE ratio of 103.71 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The firm’s 50-day moving average price is $258.75 and its 200 day moving average price is $237.66. The company has a current ratio of 2.04, a quick ratio of 2.07 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The firm’s revenue was up 27.3% on a year-over-year basis. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $244.39, for a total value of $7,331,700.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 876,527 shares of company stock valued at $218,129,954. 5.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DASH has been the subject of several recent analyst reports. Piper Sandler boosted their price target on shares of DoorDash from $210.00 to $290.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Wedbush dropped their target price on shares of DoorDash from $280.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday. Barclays cut their target price on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of DoorDash from $301.00 to $239.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, KeyCorp reiterated an “overweight” rating and issued a $325.00 price objective (up from $295.00) on shares of DoorDash in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $280.62.

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.