Quantbot Technologies LP Reduces Holdings in DoorDash, Inc. $DASH

Key Points

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Quantbot Technologies LP reduced its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 51.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,419 shares of the company's stock after selling 24,469 shares during the quarter. Quantbot Technologies LP's holdings in DoorDash were worth $4,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DASH. Harbour Investments Inc. increased its holdings in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after acquiring an additional 70 shares in the last quarter. SouthState Corp increased its holdings in DoorDash by 762.5% during the 1st quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after acquiring an additional 183 shares in the last quarter. ORG Partners LLC increased its holdings in DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after acquiring an additional 202 shares in the last quarter. Rothschild Investment LLC increased its holdings in DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after acquiring an additional 247 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. increased its holdings in DoorDash by 150.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of recent research reports. Zacks Research upgraded shares of DoorDash to a "hold" rating in a report on Tuesday, August 12th. UBS Group lifted their price target on shares of DoorDash from $260.00 to $280.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Citigroup reiterated an "outperform" rating on shares of DoorDash in a report on Thursday, August 7th. Susquehanna set a $300.00 price target on shares of DoorDash and gave the stock a "positive" rating in a report on Monday, August 11th. Finally, BMO Capital Markets lifted their price target on shares of DoorDash from $238.00 to $288.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Thirteen research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and a consensus target price of $263.88.

DoorDash Trading Up 2.2%

NASDAQ DASH opened at $253.34 on Tuesday. The company's fifty day simple moving average is $240.60 and its 200-day simple moving average is $209.68. DoorDash, Inc. has a 52 week low of $122.32 and a 52 week high of $278.15. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The stock has a market cap of $108.23 billion, a P/E ratio of 140.75 and a beta of 1.70.

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

Insider Activity

In other news, Director Andy Fang sold 50,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the transaction, the director directly owned 22,545 shares of the company's stock, valued at approximately $6,216,558.30. The trade was a 68.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the transaction, the chief operating officer directly owned 942,554 shares in the company, valued at approximately $191,027,419.18. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 654,832 shares of company stock valued at $154,752,327. 5.83% of the stock is currently owned by company insiders.

DoorDash Company 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.

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