DoorDash, Inc. (NASDAQ:DASH) is Numerai GP LLC's 5th Largest Position

Numerai GP LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 104.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,414 shares of the company's stock after acquiring an additional 12,970 shares during the quarter. DoorDash accounts for about 1.2% of Numerai GP LLC's portfolio, making the stock its 5th largest position. Numerai GP LLC's holdings in DoorDash were worth $4,263,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP lifted its stake in shares of DoorDash by 34.9% in the fourth quarter. Occudo Quantitative Strategies LP now owns 23,899 shares of the company's stock worth $4,009,000 after acquiring an additional 6,188 shares during the period. OMERS ADMINISTRATION Corp lifted its position in shares of DoorDash by 24.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,183 shares of the company's stock worth $1,876,000 after purchasing an additional 2,174 shares during the period. Napa Wealth Management bought a new stake in shares of DoorDash in the 4th quarter valued at $2,527,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of DoorDash by 7.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 306,202 shares of the company's stock worth $51,365,000 after buying an additional 20,075 shares during the period. Finally, Moore Capital Management LP increased its position in shares of DoorDash by 501.5% during the fourth quarter. Moore Capital Management LP now owns 127,627 shares of the company's stock worth $21,409,000 after buying an additional 106,409 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

NASDAQ:DASH traded up $4.90 on Friday, hitting $202.00. The stock had a trading volume of 4,181,856 shares, compared to its average volume of 4,178,576. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The firm's fifty day simple moving average is $185.67 and its two-hundred day simple moving average is $181.82. The stock has a market cap of $84.86 billion, a P/E ratio of 748.15 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the business posted ($0.06) earnings per share. DoorDash's revenue was up 20.7% on a year-over-year basis. Equities research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Piper Sandler restated a "neutral" rating and issued a $210.00 target price (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. Mizuho raised their target price on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. JMP Securities reiterated a "market outperform" rating and issued a $225.00 target price on shares of DoorDash in a report on Monday, April 28th. Finally, DA Davidson lifted their price objective on shares of DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $209.97.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the transaction, the chief financial officer now directly owns 337,430 shares of the company's stock, valued at $63,173,644.60. This represents a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $184.85, for a total transaction of $3,697,000.00. Following the sale, the chief operating officer now owns 887,348 shares of the company's stock, valued at approximately $164,026,277.80. The trade was a 2.20% decrease in their position. 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 ninety days. Company insiders own 5.83% of the company's stock.

DoorDash Company 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.