DoorDash, Inc. (NASDAQ:DASH) Shares Sold by PointState Capital LP

PointState Capital LP lessened its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 596,985 shares of the company’s stock after selling 274,278 shares during the quarter. DoorDash makes up 1.8% of PointState Capital LP’s holdings, making the stock its 19th biggest position. PointState Capital LP owned about 0.14% of DoorDash worth $100,144,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB grew 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 valued at $28,694,000 after purchasing an additional 5,539 shares during the period. LVW Advisors LLC purchased a new position in DoorDash during the fourth quarter worth about $236,000. Retireful LLC raised its stake in DoorDash by 121.4% during the fourth quarter. Retireful LLC now owns 9,621 shares of the company’s stock worth $1,614,000 after purchasing an additional 5,275 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $240,000. Finally, Merit Financial Group LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $503,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research analyst reports. Oppenheimer reissued a “hold” rating on shares of DoorDash in a research note on Monday, March 10th. Needham & Company LLC raised their price target on DoorDash from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. DA Davidson raised their price objective on DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Loop Capital raised their price target on DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Finally, Benchmark raised their price target on DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $209.97.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the transaction, the director now owns 18,285 shares in the company, valued at approximately $3,313,424.85. The trade was a 71.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the company’s 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 completion of the sale, the general counsel now directly owns 122,135 shares in the company, valued at approximately $24,848,365.75. The trade was a 9.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock valued at $30,407,073 in the last quarter. Company insiders own 7.92% of the company’s stock.

DoorDash Trading Down 0.5%

DASH opened at $196.84 on Thursday. The business’s 50 day moving average is $185.28 and its 200-day moving average is $181.52. The stock has a market cap of $82.69 billion, a PE ratio of 729.04 and a beta of 1.68. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

DoorDash (NASDAQ:DASH) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

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.