USS Investment Management Ltd Cuts Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

USS Investment Management Ltd trimmed its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 21.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Voloridge Investment Management LLC raised its holdings in DoorDash by 2,183.2% during the 4th quarter. Voloridge Investment Management LLC now owns 816,881 shares of the company's stock worth $137,032,000 after purchasing an additional 781,103 shares during the last quarter. Whitebark Investors LP acquired a new stake in shares of DoorDash during the fourth quarter worth $42,284,000. Woodline Partners LP raised its stake in DoorDash by 217.7% during the fourth quarter. Woodline Partners LP now owns 235,967 shares of the company's stock worth $39,583,000 after buying an additional 161,701 shares during the last quarter. Vident Advisory LLC raised its stake in DoorDash by 1.4% during the fourth quarter. Vident Advisory LLC now owns 10,721 shares of the company's stock worth $1,799,000 after buying an additional 147 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. raised its position in shares of DoorDash by 1,131.8% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 148,922 shares of the company's stock worth $24,982,000 after acquiring an additional 136,832 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DASH shares. Susquehanna boosted their price target on DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a research note on Thursday, February 13th. KeyCorp decreased their price target on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Bank of America cut their price objective on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Truist Financial boosted their target price on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Citigroup reiterated an "outperform" rating on shares of DoorDash in a report on Monday, April 28th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $209.97.

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $187.22, for a total value of $266,788.50. Following the completion of the transaction, the chief financial officer now owns 337,430 shares in the company, valued at $63,173,644.60. This trade represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $184.85, for a total value of $3,697,000.00. Following the transaction, the chief operating officer now directly owns 887,348 shares of the company's stock, valued at $164,026,277.80. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,612 shares of company stock valued at $18,808,326 over the last three months. Company insiders own 5.83% of the company's stock.

DoorDash Trading Up 2.6%

Shares of NASDAQ DASH traded up $5.28 during midday trading on Monday, hitting $206.15. The company's stock had a trading volume of 4,365,564 shares, compared to its average volume of 4,192,076. The firm has a market capitalization of $87.35 billion, a price-to-earnings ratio of 763.52 and a beta of 1.68. The stock has a fifty day moving average price of $187.93 and a 200 day moving average price of $183.95. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the business earned ($0.06) EPS. DoorDash's revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal 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.