Tybourne Capital Management HK Ltd. Acquires 136,832 Shares of DoorDash, Inc. (NASDAQ:DASH)

Tybourne Capital Management HK Ltd. lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,131.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,922 shares of the company's stock after purchasing an additional 136,832 shares during the period. DoorDash accounts for 6.3% of Tybourne Capital Management HK Ltd.'s portfolio, making the stock its 6th largest holding. Tybourne Capital Management HK Ltd.'s holdings in DoorDash were worth $24,982,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pittenger & Anderson Inc. bought a new stake in DoorDash in the 4th quarter valued at $29,000. Denver PWM LLC bought a new position in shares of DoorDash in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash in the fourth quarter valued at about $34,000. IFP Advisors Inc lifted its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after buying an additional 54 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after buying an additional 69 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Up 2.8%

NASDAQ DASH traded up $5.67 during trading on Friday, hitting $206.54. 2,747,563 shares of the company's stock were exchanged, compared to its average volume of 4,178,957. The stock's 50 day moving average price is $187.51 and its two-hundred day moving average price is $183.44. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The company has a market cap of $87.52 billion, a PE ratio of 763.93 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $3.10 billion. During the same period in the prior year, the company earned ($0.06) EPS. The firm's quarterly revenue was up 20.7% compared to the same quarter last year. Analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the sale, the director now directly owns 18,285 shares of the company's stock, valued at approximately $3,313,424.85. This trade represents a 71.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were 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 directly owns 337,430 shares of the company's stock, valued at $63,173,644.60. This represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,612 shares of company stock valued at $18,808,326. 5.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DASH has been the topic of several research analyst reports. Susquehanna increased their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a report on Thursday, February 13th. The Goldman Sachs Group increased their target price on DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Citigroup reissued an "outperform" rating on shares of DoorDash in a report on Monday, April 28th. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a report on Wednesday, May 7th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.