4,689 Shares in DoorDash, Inc. $DASH Acquired by AXQ Capital LP

AXQ Capital LP acquired a new position in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,689 shares of the company’s stock, valued at approximately $1,062,000.

A number of other large investors have also added to or reduced their stakes in DASH. Norges Bank bought a new stake in DoorDash in the 4th quarter worth approximately $1,093,650,000. Vanguard Group Inc. increased its stake in DoorDash by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock worth $11,617,484,000 after acquiring an additional 1,522,823 shares during the last quarter. Scge Management L.P. bought a new stake in DoorDash in the 2nd quarter worth approximately $267,463,000. Invesco Ltd. increased its stake in DoorDash by 18.2% in the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after acquiring an additional 980,148 shares during the last quarter. Finally, State Street Corp increased its stake in DoorDash by 6.3% in the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock worth $4,160,529,000 after acquiring an additional 909,125 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

DASH opened at $156.95 on Wednesday. The business has a fifty day moving average of $162.32 and a 200 day moving average of $186.94. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock has a market cap of $68.39 billion, a P/E ratio of 74.74 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research reports. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Truist Financial reduced their price objective on DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Morgan Stanley reaffirmed an “overweight” rating and issued a $275.00 price objective on shares of DoorDash in a research note on Thursday, February 19th. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of DoorDash in a research report on Thursday, May 7th. Finally, BTIG Research reissued a “buy” rating and set a $280.00 target price on shares of DoorDash in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.58.

Insiders Place Their Bets

In related news, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares in the company, valued at $5,475,263.22. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75. Following the sale, the chief operating officer owned 959,076 shares of the company’s stock, valued at $148,896,549. This trade represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 69,808 shares of company stock worth $11,135,403. 5.83% of the stock is owned by company insiders.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.