DoorDash, Inc. $DASH Shares Sold by SC US Ttgp LTD.

SC US Ttgp LTD. trimmed its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,595,084 shares of the company’s stock after selling 91,540 shares during the quarter. DoorDash comprises approximately 51.3% of SC US Ttgp LTD.’s investment portfolio, making the stock its biggest position. SC US Ttgp LTD. owned about 0.07% of DoorDash worth $4,744,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Eastern Bank raised its position in shares of DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. MV Capital Management Inc. acquired a new stake in shares of DoorDash during the 4th quarter worth about $26,000. Swiss RE Ltd. bought a new stake in shares of DoorDash during the 4th quarter worth about $28,000. ST Germain D J Co. Inc. acquired a new position in DoorDash in the 4th quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in DoorDash in the 4th quarter valued at about $32,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DASH has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target on shares of DoorDash in a report on Thursday, May 7th. UBS Group boosted their price objective on DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Stifel Nicolaus decreased their target price on DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Wedbush started coverage on DoorDash in a research note on Thursday, July 16th. They set a “neutral” rating and a $205.00 target price on the stock. Finally, DA Davidson dropped their price target on DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $252.89.

DoorDash Price Performance

NASDAQ:DASH opened at $172.91 on Friday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The firm’s 50-day simple moving average is $172.22 and its 200 day simple moving average is $176.04. The firm has a market cap of $75.34 billion, a price-to-earnings ratio of 82.34 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm posted $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 predict that DoorDash, Inc. will post 2.39 earnings per share for the current year.

Insider Activity at DoorDash

In related news, Director Stanley Tang sold 23,125 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $191.19, for a total value of $4,421,268.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares in the company, valued at $20,615,850.64. This represents a 2.09% decrease in their position. 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 three months, insiders sold 74,927 shares of company stock valued at $13,241,532. 5.83% of the stock is currently owned by company insiders.

About DoorDash

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.