Polar Capital Holdings Plc Acquires 60,458 Shares of DoorDash, Inc. (NASDAQ:DASH)

Polar Capital Holdings Plc raised its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 665,776 shares of the company's stock after buying an additional 60,458 shares during the quarter. Polar Capital Holdings Plc owned approximately 0.16% of DoorDash worth $111,684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at about $29,000. Denver PWM LLC acquired a new position in shares of DoorDash in the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the 4th quarter worth approximately $34,000. IFP Advisors Inc lifted its position in DoorDash by 31.8% during the 4th 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. Finally, MassMutual Private Wealth & Trust FSB lifted its position in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after acquiring an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on DASH shares. KeyCorp cut their price target on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. UBS Group cut their target price on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Loop Capital lifted their price target on DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Mizuho upped their price objective on DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $209.97.

DoorDash Trading Up 2.5%

DoorDash stock traded up $4.90 during trading on Friday, hitting $202.00. 4,181,856 shares of the company were exchanged, compared to its average volume of 4,180,429. The company has a market capitalization of $84.86 billion, a P/E ratio of 748.15 and a beta of 1.68. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The business's 50 day moving average is $186.03 and its 200 day moving average is $182.33.

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

Insider Buying and Selling at DoorDash

In other news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares in the company, valued at approximately $24,848,365.75. This represents a 9.01% 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, Director Andy Fang sold 1,398 shares of the firm'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 $284,423.10. Following the transaction, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. The trade was a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock valued at $30,407,073 in the last 90 days. Corporate 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.