DoorDash, Inc. $DASH Stock Position Raised by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group increased its DoorDash stake by 429.2% in the third quarter, ending with 34,022 shares valued at approximately $6.25 million. Institutional investors collectively own 90.64% of the company.
• DoorDash reported quarterly revenue of $4.45 billion, up 35.6% year over year and above expectations, but earnings per share of $0.46 narrowly missed estimates. The stock opened at $191.67, with a consensus analyst rating of “Moderate Buy” and a target price of $254.95.
• Several analysts adjusted their DoorDash price targets, while insiders sold substantial shares under pre-arranged trading plans. CEO Tony Xu sold about $6.8 million in stock, and insiders sold roughly $85.9 million worth over the past three months.

Quadrant Capital Group LLC raised its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 429.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,022 shares of the company's stock after purchasing an additional 27,593 shares during the period. Quadrant Capital Group LLC's holdings in DoorDash were worth $6,245,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DASH. JCP Investment Management LLC bought a new stake in shares of DoorDash during the first quarter worth about $991,000. Plato Investment Management Ltd bought a new stake in DoorDash during the 2nd quarter worth approximately $1,024,000. Quantinno Capital Management LP grew its holdings in DoorDash by 4.9% during the 1st quarter. Quantinno Capital Management LP now owns 655,095 shares of the company's stock worth $98,363,000 after acquiring an additional 30,881 shares during the last quarter. Godsey & Gibb Inc. increased its position in DoorDash by 1,510,137.1% in the 3rd quarter. Godsey & Gibb Inc. now owns 528,583 shares of the company's stock valued at $97,021,000 after acquiring an additional 528,548 shares during the period. Finally, Monetta Financial Services Inc. acquired a new stake in shares of DoorDash in the second quarter valued at about $1,015,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Down 1.0%

NASDAQ DASH opened at $191.67 on Wednesday. The stock's 50 day moving average is $204.10 and its 200 day moving average is $184.78. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $269.00. The stock has a market cap of $83.05 billion, a PE ratio of 100.35 and a beta of 1.90.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. Research analysts predict that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DASH. TD Cowen increased their target price on shares of DoorDash from $225.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Cantor Fitzgerald cut their target price on shares of DoorDash from $260.00 to $240.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Wells Fargo & Company raised their target price on DoorDash from $225.00 to $230.00 and gave the company a "cautious" rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of DoorDash from $255.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group decreased their price target on shares of DoorDash from $280.00 to $275.00 in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.95.

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 29,567 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the sale, the chief executive officer owned 1,500 shares of the company's stock, valued at $345,000. This represents a 95.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 15,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total transaction of $3,424,650.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 393,998 shares of company stock worth $85,861,330. Insiders own 44.90% of the company's stock.

About DoorDash

DoorDash, Inc NASDAQ: DASH operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.

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