DoorDash, Inc. $DASH Shares Bought by Ampersand Capital Group L.P.

Ampersand Capital Group L.P. boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 8.6% during the first quarter, HoldingsChannel.com reports. The firm owned 138,379 shares of the company’s stock after purchasing an additional 10,961 shares during the period. DoorDash makes up approximately 11.4% of Ampersand Capital Group L.P.’s holdings, making the stock its 5th largest holding. Ampersand Capital Group L.P.’s holdings in DoorDash were worth $20,778,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DASH. Norges Bank acquired a new position in shares of DoorDash during the 4th quarter worth approximately $1,093,650,000. Wellington Management Group LLP lifted its position in shares of DoorDash by 593.1% during the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock valued at $1,241,494,000 after buying an additional 4,690,744 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after acquiring an additional 3,447,754 shares during the period. Coatue Management LLC grew its stake in DoorDash by 77.8% in the 4th quarter. Coatue Management LLC now owns 4,365,365 shares of the company’s stock valued at $988,668,000 after acquiring an additional 1,910,488 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in DoorDash in the 4th quarter worth $372,128,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Wells Fargo & Company cut their target price on shares of DoorDash from $200.00 to $199.00 and set an “equal weight” rating for the company in a research note on Monday, July 6th. Truist Financial reduced their price target on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Wedbush began coverage on shares of DoorDash in a research note on Thursday, July 16th. They issued a “neutral” rating and a $205.00 price target on the stock. Finally, Rothschild & Co Redburn set a $350.00 price target on shares of DoorDash in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

DoorDash Price Performance

DoorDash stock opened at $172.91 on Monday. The company has a fifty day simple moving average of $172.22 and a 200-day simple moving average of $175.68. The firm has a market capitalization of $75.34 billion, a price-to-earnings ratio of 82.34 and a beta of 1.78. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly 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. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. On average, equities analysts anticipate that DoorDash, Inc. will post 2.39 EPS for the current fiscal year.

Insider Activity at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 21,739 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the sale, the chief operating officer owned 959,076 shares in the company, valued at approximately $148,896,549. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the completion of the transaction, the chief financial officer directly owned 252,443 shares in the company, valued at $47,469,381.72. This trade represents a 7.03% 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. Insiders have sold 74,927 shares of company stock worth $13,241,532 in the last 90 days. 5.83% of the stock is owned by insiders.

DoorDash 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.