Kids Capital Management L.P. Invests $9.23 Million in DoorDash, Inc. $DASH

Key Points

• Kids Capital Management L.P. purchased 50,500 shares of DoorDash, Inc. valued at approximately $9.23 million, making it the firm's 5th largest position.
• Institutional investors own about 90.64% of DoorDash's stock, with various hedge funds increasing their stakes in the company during the first quarter.
• DoorDash's stock price opening at $247.44 reflects a market cap of $104.85 billion, with the stock showing significant growth, reporting a 24.9% year-over-year revenue increase.

Kids Capital Management L.P. purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 50,500 shares of the company's stock, valued at approximately $9,230,000. DoorDash comprises approximately 10.2% of Kids Capital Management L.P.'s portfolio, making the stock its 5th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of DASH. Vanguard Group Inc. boosted its stake in shares of DoorDash by 25.8% during the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after acquiring an additional 8,073,882 shares during the last quarter. Capital World Investors boosted its stake in shares of DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. Invesco Ltd. boosted its stake in shares of DoorDash by 41.9% during the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock worth $877,269,000 after acquiring an additional 1,416,194 shares during the last quarter. Nuveen LLC purchased a new position in shares of DoorDash during the 1st quarter worth $211,415,000. Finally, Deutsche Bank AG boosted its stake in shares of DoorDash by 111.3% during the 1st quarter. Deutsche Bank AG now owns 2,009,699 shares of the company's stock worth $367,313,000 after acquiring an additional 1,058,731 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Activity

In related news, COO Prabir Adarkar sold 62,267 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the transaction, the chief operating officer directly owned 942,554 shares in the company, valued at approximately $191,027,419.18. This represents a 6.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the completion of the transaction, the director owned 26,070 shares in the company, valued at $6,274,788.30. This represents a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 654,832 shares of company stock valued at $154,752,327. 5.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DASH has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of DoorDash from $210.00 to $290.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Citigroup restated an "outperform" rating on shares of DoorDash in a research report on Thursday, August 7th. Royal Bank Of Canada raised their price objective on shares of DoorDash from $230.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Jefferies Financial Group raised their price objective on shares of DoorDash from $250.00 to $265.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Finally, Wedbush reiterated a "neutral" rating on shares of DoorDash in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus price target of $263.88.

DoorDash Price Performance

Shares of DoorDash stock traded down $4.97 during trading hours on Tuesday, reaching $248.37. The company's stock had a trading volume of 2,565,137 shares, compared to its average volume of 4,735,712. The firm has a 50 day moving average price of $240.60 and a 200-day moving average price of $209.68. DoorDash, Inc. has a one year low of $122.32 and a one year high of $278.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $106.10 billion, a P/E ratio of 137.98 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.38) EPS. On average, analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

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.