Parkwood LLC Buys Shares of 55,581 DoorDash, Inc. (NASDAQ:DASH)

Parkwood LLC acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 55,581 shares of the company's stock, valued at approximately $9,324,000.

Several other large investors have also modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of DoorDash by 7.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 76,558 shares of the company's stock worth $12,964,000 after acquiring an additional 5,512 shares during the period. Numerai GP LLC lifted its holdings in shares of DoorDash by 104.2% during the 4th quarter. Numerai GP LLC now owns 25,414 shares of the company's stock worth $4,263,000 after acquiring an additional 12,970 shares during the period. Occudo Quantitative Strategies LP lifted its holdings in shares of DoorDash by 34.9% during the 4th quarter. Occudo Quantitative Strategies LP now owns 23,899 shares of the company's stock worth $4,009,000 after acquiring an additional 6,188 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in shares of DoorDash by 24.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,183 shares of the company's stock worth $1,876,000 after acquiring an additional 2,174 shares during the period. Finally, Napa Wealth Management purchased a new position in shares of DoorDash during the 4th quarter worth about $2,527,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 14,715 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the transaction, the chief financial officer now directly owns 338,055 shares in the company, valued at $66,434,568.60. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now owns 14,778 shares in the company, valued at $3,006,584.10. This trade represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,573 shares of company stock worth $30,407,073 over the last ninety days. 5.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent analyst reports. DA Davidson increased 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. Loop Capital increased their target price on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Truist Financial increased their target price on shares of DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Bank of America dropped their target price on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a research report on Monday, April 7th. 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $209.97.

DoorDash Stock Performance

Shares of DASH stock 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. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The company has a market capitalization of $84.86 billion, a P/E ratio of 748.15 and a beta of 1.68. The business's 50 day simple moving average is $186.03 and its 200 day simple moving average is $182.14.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share 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 business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the company earned ($0.06) earnings per share. The business's quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current 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.