DoorDash, Inc. (NASDAQ:DASH) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lowered its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,377 shares of the company's stock after selling 17,774 shares during the quarter. USS Investment Management Ltd's holdings in DoorDash were worth $10,797,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC grew its stake in DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after acquiring an additional 51 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after purchasing an additional 69 shares during the period. Avestar Capital LLC boosted its holdings in shares of DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after purchasing an additional 75 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Performance

DASH stock traded up $5.28 during trading on Friday, reaching $206.15. The company had a trading volume of 4,365,564 shares, compared to its average volume of 4,186,703. The firm has a 50-day simple moving average of $187.93 and a 200-day simple moving average of $183.76. The company has a market cap of $87.35 billion, a price-to-earnings ratio of 763.52 and a beta of 1.68. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The company 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%. DoorDash's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the business earned ($0.06) EPS. Sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the completion of the sale, the chief operating officer now directly owns 887,348 shares in the company, valued at approximately $164,674,041.84. The trade was a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the sale, the chief financial officer now owns 337,430 shares of the company's stock, valued at approximately $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. Insiders sold 101,612 shares of company stock worth $18,808,326 in the last three months. Corporate insiders own 5.83% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DASH. Roth Capital set a $191.00 price target on DoorDash and gave the company a "neutral" rating in a report on Wednesday, May 7th. Morgan Stanley lowered their price target on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Benchmark raised their target price on shares of DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. DA Davidson raised their target price 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, Wedbush reissued an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.