DoorDash, Inc. $DASH Stock Position Lowered by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. reduced its stake in DoorDash, Inc. by 36.1% during the first quarter, now holding 2,623 shares valued at $479,000.
• Multiple large investors increased their positions in DoorDash, with Vanguard Group Inc. and Invesco Ltd. raising their stakes by 25.8% and 41.9% respectively in the same period.
• DoorDash's recent earnings report showed a profit of $0.65 per share, surpassing expectations and indicating a 24.9% increase in revenue year-over-year.

Fox Run Management L.L.C. decreased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,623 shares of the company's stock after selling 1,484 shares during the quarter. Fox Run Management L.L.C.'s holdings in DoorDash were worth $479,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of DoorDash by 25.8% in 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 in the last quarter. Invesco Ltd. grew its position in shares of DoorDash by 41.9% in 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 in the last quarter. Goldman Sachs Group Inc. grew its position in shares of DoorDash by 36.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company's stock worth $576,089,000 after acquiring an additional 842,637 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of DoorDash by 46.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,515,861 shares of the company's stock worth $422,036,000 after acquiring an additional 800,322 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of DoorDash by 18.8% in the 4th quarter. Northern Trust Corp now owns 2,393,725 shares of the company's stock worth $401,547,000 after acquiring an additional 378,341 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 291,403 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the completion of the transaction, the chief executive officer owned 229,047 shares in the company, valued at approximately $54,556,704.93. The trade was a 55.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the transaction, the director owned 22,545 shares of the company's stock, valued at $6,216,558.30. This trade represents a 68.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 905,179 shares of company stock worth $217,357,737. 5.83% of the stock is owned by company insiders.

DoorDash Stock Performance

DASH stock traded up $2.14 during trading on Friday, reaching $247.32. 2,811,511 shares of the company's stock were exchanged, compared to its average volume of 4,720,868. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 1-year low of $122.32 and a 1-year high of $278.15. The company's fifty day moving average price is $242.36 and its 200-day moving average price is $210.56. The firm has a market cap of $105.66 billion, a PE ratio of 137.40 and a beta of 1.70.

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

Analyst Ratings Changes

Several research analysts have recently commented on DASH shares. Piper Sandler lifted their target price on DoorDash from $210.00 to $290.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Jefferies Financial Group lifted their target price on DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. Evercore ISI restated an "outperform" rating and set a $360.00 price objective (up previously from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Benchmark boosted their price objective on DoorDash from $260.00 to $315.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Loop Capital restated a "buy" rating on shares of DoorDash in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $263.88.

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.