Windmill Hill Asset Management Ltd Purchases Shares of 1,565 DoorDash, Inc. $DASH

Windmill Hill Asset Management Ltd acquired a new position in DoorDash, Inc. (NASDAQ:DASH) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,565 shares of the company’s stock, valued at approximately $386,000. DoorDash accounts for 0.1% of Windmill Hill Asset Management Ltd’s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DASH. Night Squared LP acquired a new position in DoorDash during the first quarter valued at approximately $2,780,000. Mutual of America Capital Management LLC purchased a new stake in shares of DoorDash during the first quarter valued at approximately $7,200,000. Public Investment Fund lifted its position in shares of DoorDash by 68.3% during the first quarter. Public Investment Fund now owns 821,389 shares of the company’s stock worth $150,125,000 after purchasing an additional 333,369 shares in the last quarter. Ardmore Road Asset Management LP grew its holdings in DoorDash by 6.7% during the 1st quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock valued at $14,622,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Junto Capital Management LP acquired a new position in DoorDash in the 1st quarter worth $29,261,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $270.60, for a total value of $8,118,000.00. Following the sale, the chief operating officer directly owned 914,547 shares in the company, valued at approximately $247,476,418.20. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total transaction of $12,180,324.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 966,887 shares of company stock valued at $241,420,442. 5.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DASH. Jefferies Financial Group lifted their target price on DoorDash from $250.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. UBS Group lifted their price objective on DoorDash from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Evercore ISI reaffirmed an “outperform” rating and issued a $360.00 target price (up from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Loop Capital reissued a “buy” rating on shares of DoorDash in a research report on Tuesday, July 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $275.27.

DoorDash Stock Performance

Shares of DASH opened at $273.52 on Tuesday. DoorDash, Inc. has a 52-week low of $143.37 and a 52-week high of $285.08. The firm has a market capitalization of $116.85 billion, a PE ratio of 151.96 and a beta of 1.71. The firm has a 50-day moving average price of $258.72 and a 200 day moving average price of $227.83. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.23. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm posted ($0.38) earnings per share. On average, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.