Sora Investors LLC Takes $19.68 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Sora Investors LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 117,304 shares of the company's stock, valued at approximately $19,678,000. DoorDash makes up 2.2% of Sora Investors LLC's investment portfolio, making the stock its 16th largest position.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB grew its position in shares of DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock valued at $28,694,000 after purchasing an additional 5,539 shares in the last quarter. LVW Advisors LLC purchased a new position in shares of DoorDash during the 4th quarter valued at $236,000. Retireful LLC grew its position in shares of DoorDash by 121.4% during the 4th quarter. Retireful LLC now owns 9,621 shares of the company's stock valued at $1,614,000 after purchasing an additional 5,275 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of DoorDash during the 4th quarter valued at $240,000. Finally, Merit Financial Group LLC purchased a new position in DoorDash in the fourth quarter worth $503,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup reiterated an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. Roth Mkm upped their target price on shares of DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $210.00 target price on shares of DoorDash in a research report on Wednesday, May 7th. Benchmark upped their target price on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $209.97.

DoorDash Trading Up 0.1%

Shares of NASDAQ:DASH opened at $197.10 on Friday. The company has a market cap of $82.80 billion, a price-to-earnings ratio of 730.00 and a beta of 1.68. The company has a 50-day moving average price of $185.67 and a 200-day moving average price of $181.82. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month 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 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 the consensus estimate of $3.10 billion. During the same period in the prior year, the firm posted ($0.06) earnings per share. The company's quarterly revenue was up 20.7% compared to the same quarter last year. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity at DoorDash

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the company'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 $1,651,200.20. Following the sale, the insider now owns 105,162 shares in the company, valued at approximately $21,395,208.90. This represents a 7.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 1,398 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64% decrease in their position. 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 90 days. 5.83% of the stock is owned by company insiders.

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.

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