DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,883,500 shares of the company’s stock after selling 582,600 shares during the quarter. DoorDash comprises 1.1% of Two Sigma Advisers LP’s portfolio, making the stock its 16th largest position. Two Sigma Advisers LP owned approximately 0.69% of DoorDash worth $483,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the 4th quarter valued at approximately $29,000. Denver PWM LLC acquired a new stake in DoorDash in the 4th quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the 4th quarter valued at approximately $34,000. IFP Advisors Inc increased its position in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after acquiring an additional 54 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Up 2.5%

Shares of NASDAQ:DASH opened at $202.00 on Monday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The business has a fifty day simple moving average of $186.03 and a 200 day simple moving average of $182.51. The firm has a market cap of $84.86 billion, a price-to-earnings ratio of 748.15 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating 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 company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the company earned ($0.06) earnings per share. The business’s revenue was up 20.7% compared to the same quarter last year. On average, sell-side analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on DASH shares. Loop Capital raised their target price on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Citigroup restated an “outperform” rating on shares of DoorDash in a research report on Monday, April 28th. KeyCorp lowered their target price on DoorDash from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Benchmark raised their target price on DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Finally, Truist Financial raised their target price on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $209.97.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,161 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 $4,101,755.45. Following the transaction, the chief operating officer now directly owns 905,061 shares in the company, valued at $184,134,660.45. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ravi Inukonda sold 15,198 shares of DoorDash 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 completion of the transaction, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. The trade was a 4.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock worth $30,407,073 over the last three months. Corporate insiders own 5.83% of the company’s stock.

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.