DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Aspex Management HK Ltd

Aspex Management HK Ltd lowered its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 33.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 955,406 shares of the company's stock after selling 480,824 shares during the quarter. DoorDash makes up approximately 4.3% of Aspex Management HK Ltd's holdings, making the stock its 8th biggest holding. Aspex Management HK Ltd owned approximately 0.23% of DoorDash worth $160,269,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of DoorDash in the 3rd quarter worth approximately $1,109,000. Tidal Investments LLC grew its holdings in shares of DoorDash by 19.9% during the third quarter. Tidal Investments LLC now owns 12,321 shares of the company's stock worth $1,759,000 after purchasing an additional 2,049 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock valued at $570,135,000 after buying an additional 501,905 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of DoorDash by 25.0% in the third quarter. Principal Financial Group Inc. now owns 90,786 shares of the company's stock valued at $12,958,000 after buying an additional 18,155 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in DoorDash by 80.4% during the 4th quarter. Versant Capital Management Inc now owns 900 shares of the company's stock worth $151,000 after buying an additional 401 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Down 7.2 %

Shares of NASDAQ:DASH traded down $14.86 during trading on Tuesday, hitting $190.54. 9,571,097 shares of the company were exchanged, compared to its average volume of 4,169,417. The stock has a market cap of $80.04 billion, a price-to-earnings ratio of 705.70 and a beta of 1.68. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The firm has a fifty day moving average price of $185.64 and a two-hundred day moving average price of $180.16.

DoorDash (NASDAQ:DASH - Get Free Report) last announced 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. The firm had revenue of $3.03 billion during 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 company's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) earnings per share. As a group, research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DASH. Royal Bank of Canada reaffirmed an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. Barclays upped their price objective on DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday, February 13th. Mizuho lifted their target price on DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group upped their price target on DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald lowered their price objective on DoorDash from $230.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $210.91.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the transaction, the director now directly owns 14,778 shares of the company's stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated 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 in the company, valued at $63,173,644.60. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,573 shares of company stock worth $30,407,073. Company insiders own 7.92% 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.