Woodline Partners LP Has $39.58 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Woodline Partners LP increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 217.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,967 shares of the company’s stock after purchasing an additional 161,701 shares during the quarter. Woodline Partners LP owned 0.06% of DoorDash worth $39,583,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DASH. Vident Advisory LLC increased its stake in shares of DoorDash by 1.4% in the 4th quarter. Vident Advisory LLC now owns 10,721 shares of the company’s stock valued at $1,799,000 after purchasing an additional 147 shares during the last quarter. Tybourne Capital Management HK Ltd. boosted its stake in DoorDash by 1,131.8% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 148,922 shares of the company’s stock valued at $24,982,000 after buying an additional 136,832 shares in the last quarter. Tidal Investments LLC grew its position in DoorDash by 74.1% in the fourth quarter. Tidal Investments LLC now owns 21,447 shares of the company’s stock valued at $3,598,000 after acquiring an additional 9,126 shares during the last quarter. State of Wyoming acquired a new position in DoorDash during the fourth quarter worth about $187,000. Finally, Snowden Capital Advisors LLC bought a new position in shares of DoorDash in the fourth quarter worth about $251,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In other news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the transaction, the general counsel now owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This represents a 9.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ravi Inukonda sold 15,198 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value 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 approximately $71,840,596.70. This represents a 4.14% 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 in the last quarter. Company insiders own 5.83% of the company’s stock.

DoorDash Price Performance

Shares of DoorDash stock opened at $205.18 on Wednesday. The stock’s 50-day moving average is $186.86 and its 200 day moving average is $182.99. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The firm has a market cap of $86.94 billion, a price-to-earnings ratio of 759.93 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share. On average, sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. Roth Capital set a $191.00 target price on shares of DoorDash and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. UBS Group lowered their price target on shares of DoorDash from $197.00 to $196.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. FBN Securities began coverage on DoorDash in a report on Friday, March 28th. They set an “outperform” rating and a $230.00 price objective on the stock. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $210.00 target price (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.97.

About DoorDash

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.