Graham Capital Management L.P. Sells 4,775 Shares of DoorDash, Inc. (NASDAQ:DASH)

Graham Capital Management L.P. trimmed its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 63.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,780 shares of the company's stock after selling 4,775 shares during the quarter. Graham Capital Management L.P.'s holdings in DoorDash were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DASH. Principal Financial Group Inc. raised its holdings in DoorDash by 25.0% in the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company's stock valued at $12,958,000 after acquiring an additional 18,155 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of DoorDash by 422.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 202,340 shares of the company's stock valued at $33,943,000 after acquiring an additional 163,597 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of DoorDash by 19.5% during the 4th quarter. Park Avenue Securities LLC now owns 9,167 shares of the company's stock valued at $1,538,000 after acquiring an additional 1,499 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in DoorDash by 11.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 22,910 shares of the company's stock worth $3,843,000 after acquiring an additional 2,294 shares during the last quarter. Finally, Retireful LLC increased its holdings in DoorDash by 121.4% in the 4th quarter. Retireful LLC now owns 9,621 shares of the company's stock worth $1,614,000 after purchasing an additional 5,275 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on DASH shares. Morgan Stanley reduced their price target on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Susquehanna lifted their target price on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a report on Thursday, February 13th. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a report on Wednesday, May 7th. Mizuho lifted their target price on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $209.97.

DoorDash Stock Performance

DASH traded up $0.18 during mid-day trading on Monday, reaching $202.18. 3,336,785 shares of the stock were exchanged, compared to its average volume of 4,177,053. The stock has a market capitalization of $84.94 billion, a PE ratio of 748.81 and a beta of 1.68. The company has a 50 day moving average price of $186.03 and a two-hundred day moving average price of $182.51. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business posted ($0.06) EPS. The company's revenue for the quarter was up 20.7% on a year-over-year basis. Sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 1,398 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 owns 337,430 shares in the company, valued at approximately $63,173,644.60. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,573 shares of company stock valued at $30,407,073. 5.83% of the stock is owned by insiders.

About DoorDash

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.