Brevan Howard Capital Management LP lowered its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 24.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,592 shares of the company's stock after selling 5,234 shares during the period. Brevan Howard Capital Management LP's holdings in DoorDash were worth $2,783,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in DASH. Pittenger & Anderson Inc. purchased a new position in DoorDash during the fourth quarter valued at $29,000. Denver PWM LLC bought a new position in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash during the 4th quarter valued at about $34,000. ORG Wealth Partners LLC purchased a new position in DoorDash during the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc boosted its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.
DoorDash Stock Performance
Shares of NASDAQ DASH traded up $0.60 during trading on Friday, hitting $183.56. The company had a trading volume of 3,422,208 shares, compared to its average volume of 4,179,111. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The firm has a market capitalization of $77.11 billion, a P/E ratio of 679.85 and a beta of 1.68. The stock has a 50 day simple moving average of $184.61 and a 200 day simple moving average of $180.63.
DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) EPS. As a group, analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on DASH. Evercore ISI reiterated an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. DA Davidson lifted their price objective on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday. KeyCorp dropped their target price on DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, FBN Securities started coverage on shares of DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price target on the stock. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $209.97.
Read Our Latest Research Report on DoorDash
Insider Activity
In related news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 12,088 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the transaction, the general counsel now owns 122,135 shares of the company's stock, valued at $24,848,365.75. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,573 shares of company stock worth $30,407,073 in the last three months. Company insiders own 7.92% of the company's stock.
About DoorDash
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Free Report)
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.
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