Steadview Capital Management LLC Has $56.64 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Steadview Capital Management LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 572,740 shares of the company's stock after buying an additional 160,500 shares during the quarter. DoorDash accounts for approximately 19.4% of Steadview Capital Management LLC's holdings, making the stock its 2nd biggest holding. Steadview Capital Management LLC owned 0.14% of DoorDash worth $56,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its stake in DoorDash by 1,725.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company's stock valued at $110,082,000 after buying an additional 1,052,198 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of DoorDash by 40,319.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,039,592 shares of the company's stock valued at $102,805,000 after purchasing an additional 1,037,020 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of DoorDash by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company's stock worth $2,149,149,000 after purchasing an additional 781,861 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company's stock worth $1,263,381,000 after purchasing an additional 772,977 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of DoorDash by 169.4% during the 3rd quarter. Invesco Ltd. now owns 999,612 shares of the company's stock worth $79,439,000 after purchasing an additional 628,561 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

DASH has been the topic of several research analyst reports. Royal Bank of Canada decreased their price objective on shares of DoorDash from $175.00 to $165.00 and set an "outperform" rating on the stock in a research note on Thursday. Morgan Stanley raised DoorDash from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $135.00 to $145.00 in a report on Thursday, February 22nd. BMO Capital Markets reduced their price objective on DoorDash from $138.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday. Loop Capital started coverage on shares of DoorDash in a research report on Friday, April 19th. They issued a "buy" rating and a $170.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on shares of DoorDash from $109.00 to $122.00 and gave the stock a "neutral" rating in a research note on Friday, February 16th. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $129.96.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total transaction of $916,650.00. Following the completion of the sale, the chief financial officer now owns 384,425 shares of the company's stock, valued at $50,340,453.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 92,207 shares of the company's stock, valued at approximately $11,479,771.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the company's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total value of $916,650.00. Following the sale, the chief financial officer now owns 384,425 shares of the company's stock, valued at $50,340,453.75. The disclosure for this sale can be found here. Insiders have sold a total of 487,782 shares of company stock valued at $64,046,807 in the last three months. 9.59% of the stock is currently owned by company insiders.

DoorDash Trading Down 0.4 %

Shares of DoorDash stock traded down $0.50 during trading on Friday, hitting $113.81. 6,210,790 shares of the stock were exchanged, compared to its average volume of 4,293,060. DoorDash, Inc. has a 1-year low of $60.36 and a 1-year high of $143.34. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of -105.38, a price-to-earnings-growth ratio of 13.13 and a beta of 1.78. The company has a fifty day moving average price of $131.86 and a 200-day moving average price of $110.13.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the company posted ($0.41) EPS. The firm's revenue for the quarter was up 23.5% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 0.21 EPS 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.