Godsey & Gibb Inc. Acquires 528,548 Shares of DoorDash, Inc. $DASH

Godsey & Gibb Inc. lifted its stake in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 1,510,137.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 528,583 shares of the company’s stock after acquiring an additional 528,548 shares during the period. DoorDash accounts for approximately 6.7% of Godsey & Gibb Inc.’s holdings, making the stock its 2nd biggest position. Godsey & Gibb Inc.’s holdings in DoorDash were worth $97,021,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DASH. Washington Trust Advisors Inc. boosted its position in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after purchasing an additional 67 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of DoorDash by 3.3% in the 1st quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock worth $349,000 after purchasing an additional 74 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in DoorDash by 8.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,107 shares of the company’s stock valued at $251,000 after purchasing an additional 82 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in DoorDash by 14.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 850 shares of the company’s stock valued at $157,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 8,738 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the transaction, the chief operating officer owned 921,473 shares in the company, valued at $166,648,392.05. This represents a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Keith Yandell sold 2,183 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $183.69, for a total transaction of $400,995.27. Following the sale, the chief operating officer directly owned 118,505 shares in the company, valued at approximately $21,768,183.45. This represents a 1.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 393,998 shares of company stock valued at $85,861,330. 44.90% of the stock is currently owned by company insiders.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

  • Positive Sentiment: DoorDash is partnering with Woolworths Group to bring BIG W to its Australian marketplace, offering more than 35,000 everyday products with delivery in as little as 60 minutes. The agreement expands DoorDash’s retail selection and supports its strategy of increasing order frequency beyond restaurant delivery. BIG W Lands on DoorDash App
  • Positive Sentiment: DoorDash launched an on-demand delivery collaboration with SKIMS, giving customers access to apparel and related products. The partnership, supported by Kim Kardashian-focused marketing, could improve consumer awareness of DoorDash’s non-food offerings. SKIMS and DoorDash Partnership
  • Positive Sentiment: DoorDash is expanding into Geraldton, Kalgoorlie and Horsham in Australia, indicating continued investment in regional coverage and potential long-term marketplace growth. DoorDash Regional Australian Expansion

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on DoorDash from $225.00 to $230.00 and gave the stock a “cautious” rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DoorDash from $255.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Sanford C. Bernstein restated an “outperform” rating on shares of DoorDash in a report on Thursday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Friday, August 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of DoorDash from $280.00 to $275.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.95.

Read Our Latest Analysis on DoorDash

DoorDash Price Performance

Shares of DoorDash stock opened at $184.01 on Thursday. The firm’s 50-day moving average price is $205.78 and its two-hundred day moving average price is $183.57. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The stock has a market capitalization of $79.73 billion, a price-to-earnings ratio of 96.34 and a beta of 1.90. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, equities analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

DoorDash Company Profile

(Free Report)

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.

See Also

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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