DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 114.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,050 shares of the company’s stock after acquiring an additional 2,692 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in DoorDash were worth $847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sora Investors LLC acquired a new position in shares of DoorDash in the 4th quarter valued at about $19,678,000. Raiffeisen Bank International AG acquired a new position in DoorDash in the 4th quarter worth about $550,000. Point72 Hong Kong Ltd raised its holdings in DoorDash by 126.6% in the 4th quarter. Point72 Hong Kong Ltd now owns 24,022 shares of the company’s stock worth $4,030,000 after purchasing an additional 13,422 shares during the period. Polar Asset Management Partners Inc. acquired a new position in DoorDash in the 4th quarter worth about $2,952,000. Finally, Polar Capital Holdings Plc raised its holdings in DoorDash by 10.0% in the 4th quarter. Polar Capital Holdings Plc now owns 665,776 shares of the company’s stock worth $111,684,000 after purchasing an additional 60,458 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DoorDash stock opened at $197.10 on Friday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The stock has a market cap of $82.80 billion, a PE ratio of 730.00 and a beta of 1.68. The stock’s fifty day moving average is $185.67 and its two-hundred day moving average is $181.82.

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

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This trade represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 15,198 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the transaction, the chief financial officer now directly owns 351,970 shares in the company, valued at approximately $71,840,596.70. This represents a 4.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,573 shares of company stock valued at $30,407,073. 5.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DASH. Evercore ISI reiterated an “outperform” rating on shares of DoorDash in a research note on Monday, March 10th. Roth Capital set a $191.00 price target on DoorDash and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Wedbush restated an “outperform” rating on shares of DoorDash in a research report on Wednesday, May 7th. KeyCorp dropped their price target on DoorDash from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, Citigroup restated an “outperform” rating on shares of DoorDash in a research report on Monday, April 28th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $209.97.

DoorDash Profile

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.