Point72 Hong Kong Ltd Purchases 13,422 Shares of DoorDash, Inc. (NASDAQ:DASH)

Point72 Hong Kong Ltd lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 126.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,022 shares of the company's stock after acquiring an additional 13,422 shares during the period. Point72 Hong Kong Ltd's holdings in DoorDash were worth $4,030,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Swedbank AB lifted its holdings in DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock valued at $28,694,000 after purchasing an additional 5,539 shares during the last quarter. LVW Advisors LLC bought a new position in DoorDash during the 4th quarter valued at about $236,000. Retireful LLC lifted its holdings in DoorDash by 121.4% during the 4th quarter. Retireful LLC now owns 9,621 shares of the company's stock valued at $1,614,000 after purchasing an additional 5,275 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in DoorDash during the 4th quarter valued at about $240,000. Finally, Merit Financial Group LLC bought a new position in DoorDash during the 4th quarter valued at about $503,000. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

Shares of DASH stock traded up $4.90 on Friday, hitting $202.00. The company's stock had a trading volume of 4,181,856 shares, compared to its average volume of 4,180,429. The stock's 50 day moving average is $186.03 and its 200-day moving average is $182.33. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The company has a market capitalization of $84.86 billion, a PE ratio of 748.15 and a beta of 1.68.

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

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $184.85, for a total value of $3,697,000.00. Following the completion of the transaction, the chief operating officer now owns 887,348 shares in the company, valued at $164,026,277.80. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 15,198 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the transaction, the chief financial officer now owns 351,970 shares of the company's stock, valued at approximately $71,840,596.70. This trade represents a 4.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,573 shares of company stock worth $30,407,073 in the last quarter. 5.83% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on DASH. Mizuho lifted their price target on shares of DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Truist Financial raised their price objective on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Cantor Fitzgerald restated an "overweight" rating and issued a $210.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. DA Davidson raised their price objective on shares of DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Piper Sandler restated a "neutral" rating and issued a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

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.