DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP increased its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 34.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 23,899 shares of the company's stock after buying an additional 6,188 shares during the quarter. DoorDash comprises approximately 0.7% of Occudo Quantitative Strategies LP's portfolio, making the stock its 15th biggest position. Occudo Quantitative Strategies LP's holdings in DoorDash were worth $4,009,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

DASH has been the topic of several analyst reports. Roth Capital set a $191.00 price target on shares of DoorDash and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their price target on DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Morgan Stanley decreased their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays boosted their price objective on DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, February 13th. Finally, Mizuho raised their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

DoorDash Stock Up 2.5%

Shares of NASDAQ DASH traded up $4.90 during mid-day trading on Friday, reaching $202.00. 4,181,856 shares of the company were exchanged, compared to its average volume of 4,178,576. The stock has a market cap of $84.86 billion, a price-to-earnings ratio of 748.15 and a beta of 1.68. The firm has a 50-day moving average of $185.67 and a 200 day moving average of $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 (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 firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm earned ($0.06) EPS. The company's quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now directly owns 18,285 shares of the company's stock, valued at $3,313,424.85. This trade represents a 71.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares of the company's stock, valued at $71,840,596.70. This trade represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock worth $30,407,073 in the last ninety days. 5.83% of the stock is owned by 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.