DoorDash, Inc. $DASH Shares Acquired by Carmel Capital Partners LLC

Carmel Capital Partners LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 94.8% in the first quarter, Holdings Channel reports. The firm owned 7,451 shares of the company’s stock after acquiring an additional 3,627 shares during the period. Carmel Capital Partners LLC’s holdings in DoorDash were worth $1,119,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DASH. Eastern Bank lifted its stake in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in DoorDash during the 4th quarter valued at $28,000. ST Germain D J Co. Inc. acquired a new stake in DoorDash during the 4th quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in DoorDash during the 4th quarter worth $32,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DASH shares. BTIG Research decreased their price objective on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Guggenheim reiterated a “buy” rating and issued a $255.00 price target on shares of DoorDash in a research note on Tuesday, June 23rd. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Needham & Company LLC restated a “buy” rating and set a $265.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Finally, DA Davidson dropped their price objective on DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $256.08.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $191.82 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $167.76 and its two-hundred day moving average price is $179.27. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The stock has a market capitalization of $83.58 billion, a P/E ratio of 91.34 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. The firm’s revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Prabir Adarkar sold 21,739 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the sale, the chief operating officer directly owned 959,076 shares of the company’s stock, valued at $148,896,549. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, Director Stanley Tang sold 23,125 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $191.19, for a total transaction of $4,421,268.75. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 84,927 shares of company stock valued at $15,124,932. 5.83% of the stock is currently owned by insiders.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.