DoorDash, Inc. $DASH Shares Sold by Parkwood LLC

Parkwood LLC lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 28.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,842 shares of the company’s stock after selling 27,451 shares during the period. DoorDash makes up 1.5% of Parkwood LLC’s investment portfolio, making the stock its 16th largest position. Parkwood LLC’s holdings in DoorDash were worth $16,724,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. GFG Capital LLC purchased a new position in DoorDash during the second quarter worth about $30,000. Saudi Central Bank purchased a new stake in shares of DoorDash in the 1st quarter valued at approximately $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new stake in DoorDash in the 1st quarter valued at approximately $27,000. Finally, NewSquare Capital LLC boosted its position in shares of DoorDash by 610.3% during the second quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $51,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Up 1.9%

Shares of DoorDash stock opened at $224.52 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $233.65 and a 200-day simple moving average of $239.46. The stock has a market cap of $96.77 billion, a price-to-earnings ratio of 113.97 and a beta of 1.72. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the firm earned $0.38 earnings per share. DoorDash’s revenue was up 27.3% on a year-over-year basis. On average, equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity

In related news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total value of $12,180,324.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $270.60, for a total value of $8,118,000.00. Following the transaction, the chief operating officer directly owned 914,547 shares in the company, valued at approximately $247,476,418.20. This represents a 3.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 696,230 shares of company stock worth $156,736,003 over the last ninety days. 5.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup reissued a “market outperform” rating on shares of DoorDash in a research note on Monday, November 24th. Stifel Nicolaus cut their target price on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Oppenheimer reiterated an “outperform” rating and issued a $280.00 target price on shares of DoorDash in a report on Thursday, November 6th. BTIG Research reaffirmed a “buy” rating and issued a $315.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Finally, Needham & Company LLC cut their target price on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $275.91.

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.