Bordeaux Wealth Advisors LLC Has $1.40 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Bordeaux Wealth Advisors LLC decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,857 shares of the company’s stock after selling 992 shares during the period. Bordeaux Wealth Advisors LLC’s holdings in DoorDash were worth $1,399,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DASH. Everhart Financial Group Inc. lifted its holdings in DoorDash by 3.1% in the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after buying an additional 99 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of DoorDash by 1.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock worth $647,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of DoorDash by 17.2% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after purchasing an additional 108 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after purchasing an additional 117 shares during the period. Finally, Meeder Advisory Services Inc. increased its holdings in DoorDash by 4.4% in the first quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock valued at $414,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $126.35 on Friday. The company’s 50-day moving average price is $116.37 and its two-hundred day moving average price is $120.91. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34. The stock has a market capitalization of $51.67 billion, a PE ratio of -116.99, a price-to-earnings-growth ratio of 768.41 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company posted ($0.44) EPS. The business’s revenue was up 23.3% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DASH shares. JPMorgan Chase & Co. raised their target price on DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. KeyCorp began coverage on shares of DoorDash in a report on Thursday, July 11th. They set a “sector weight” rating for the company. Roth Mkm increased their target price on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. BMO Capital Markets lifted their price target on shares of DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, DA Davidson upped their price objective on shares of DoorDash from $110.00 to $119.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Eleven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $142.57.

Insider Transactions at DoorDash

In other news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the sale, the director now owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Tony Xu sold 131,590 shares of DoorDash stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shona L. Brown sold 1,712 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the sale, the director now owns 70,191 shares in the company, valued at approximately $7,789,095.27. The disclosure for this sale can be found here. Insiders have sold a total of 436,359 shares of company stock worth $48,534,873 in the last 90 days. Corporate insiders own 7.92% of the company’s stock.

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.