LMR Partners LLP Takes $8.39 Million Position in DoorDash, Inc. (NASDAQ:DASH)

LMR Partners LLP purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company's stock, valued at approximately $8,388,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of DoorDash by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after buying an additional 317,502 shares in the last quarter. Capital World Investors lifted its position in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the period. Franklin Resources Inc. boosted its holdings in DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after purchasing an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after purchasing an additional 1,869,866 shares during the period. Finally, Geode Capital Management LLC raised its stake in DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock valued at $763,198,000 after buying an additional 86,667 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Prabir Adarkar sold 20,161 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $4,101,755.45. Following the completion of the sale, the chief operating officer now owns 905,061 shares in the company, valued at $184,134,660.45. This represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock worth $30,407,073 in the last quarter. 5.83% of the stock is owned by corporate insiders.

DoorDash Trading Up 2.5%

DASH traded up $4.90 during trading on Friday, hitting $202.00. 4,181,856 shares of the company traded hands, compared to its average volume of 4,172,861. The company has a market cap of $84.86 billion, a PE ratio of 748.15 and a beta of 1.68. The stock's 50-day simple moving average is $185.67 and its two-hundred day simple moving average is $181.82. 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 issued 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 return on equity of 1.67% and a net margin of 1.15%. 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) earnings per share. The business's quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DASH. Susquehanna lifted their price objective on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a report on Thursday, February 13th. FBN Securities started coverage on DoorDash in a research note on Friday, March 28th. They set an "outperform" rating and a $230.00 price target for the company. Loop Capital upped their price target on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, February 24th. DA Davidson raised their price objective on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Evercore ISI restated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $209.97.

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.