DoorDash, Inc. (NASDAQ:DASH) Holdings Decreased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP trimmed its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,592 shares of the company’s stock after selling 5,234 shares during the period. Brevan Howard Capital Management LP’s holdings in DoorDash were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DASH. Swedbank AB lifted its position in shares of DoorDash by 3.3% in the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after purchasing an additional 5,539 shares in the last quarter. LVW Advisors LLC purchased a new stake in DoorDash in the 4th quarter worth approximately $236,000. Nordea Investment Management AB lifted its position in DoorDash by 37.5% in the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock worth $294,701,000 after buying an additional 476,360 shares in the last quarter. Retireful LLC boosted its stake in shares of DoorDash by 121.4% during the 4th quarter. Retireful LLC now owns 9,621 shares of the company’s stock valued at $1,614,000 after buying an additional 5,275 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of DoorDash during the 4th quarter valued at $240,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DASH shares. Bank of America cut their price objective on DoorDash from $245.00 to $235.00 and set a “buy” rating for the company in a report on Monday, April 7th. Susquehanna boosted their price target on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Wells Fargo & Company raised their price objective on shares of DoorDash from $198.00 to $201.00 and gave the company an “equal weight” rating in a research report on Thursday, April 3rd. FBN Securities initiated coverage on shares of DoorDash in a research note on Friday, March 28th. They issued an “outperform” rating and a $230.00 target price for the company. Finally, Needham & Company LLC restated a “buy” rating on shares of DoorDash in a research note on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.66.

DoorDash Stock Performance

NASDAQ DASH opened at $205.40 on Tuesday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The stock has a market cap of $86.29 billion, a PE ratio of 760.74 and a beta of 1.68. The firm has a 50-day simple moving average of $185.64 and a 200 day simple moving average of $180.16.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director now owns 18,285 shares of the company’s stock, valued at $3,313,424.85. The trade was a 71.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the transaction, the chief financial officer now owns 337,430 shares of the company’s stock, valued at approximately $63,173,644.60. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,511 shares of company stock valued at $30,394,673 in the last quarter. Corporate insiders own 7.92% of the company’s stock.

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.