Cromwell Holdings LLC Has $197,000 Stock Holdings in DoorDash, Inc. $DASH

Cromwell Holdings LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 151.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 801 shares of the company’s stock after acquiring an additional 483 shares during the period. Cromwell Holdings LLC’s holdings in DoorDash were worth $197,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DASH. Vanguard Group Inc. raised its holdings in DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock worth $7,200,642,000 after buying an additional 8,073,882 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of DoorDash by 442.5% in the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock valued at $321,799,000 after purchasing an additional 1,497,636 shares during the last quarter. Invesco Ltd. raised its holdings in shares of DoorDash by 41.9% in the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock valued at $877,269,000 after purchasing an additional 1,416,194 shares during the last quarter. Nuveen LLC purchased a new stake in shares of DoorDash in the first quarter valued at about $211,415,000. Finally, Deutsche Bank AG raised its holdings in shares of DoorDash by 111.3% in the first quarter. Deutsche Bank AG now owns 2,009,699 shares of the company’s stock valued at $367,313,000 after purchasing an additional 1,058,731 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DASH opened at $270.09 on Friday. The firm has a market cap of $115.38 billion, a P/E ratio of 150.05 and a beta of 1.71. The firm has a 50-day moving average of $255.09 and a 200 day moving average of $223.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. DoorDash, Inc. has a fifty-two week low of $140.62 and a fifty-two week high of $278.15.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.38) earnings per share. On average, research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DASH. Sanford C. Bernstein increased their target price on shares of DoorDash from $210.00 to $265.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Needham & Company LLC set a $300.00 target price on shares of DoorDash and gave the company a “buy” rating in a report on Thursday, August 7th. Morgan Stanley increased their target price on shares of DoorDash from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. BMO Capital Markets increased their target price on shares of DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Citigroup reiterated an “outperform” rating on shares of DoorDash in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.42.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the completion of the transaction, the director owned 22,545 shares in the company, valued at $6,216,558.30. This trade represents a 68.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 291,403 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the transaction, the chief executive officer owned 229,047 shares of the company’s stock, valued at $54,556,704.93. This represents a 55.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 891,841 shares of company stock worth $220,178,742 over the last ninety days. Company insiders own 5.83% of the company’s stock.

About DoorDash

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.