DoorDash, Inc. $DASH Shares Sold by HWG Holdings LP

HWG Holdings LP decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,055 shares of the company’s stock after selling 2,497 shares during the quarter. DoorDash comprises about 3.1% of HWG Holdings LP’s portfolio, making the stock its 11th biggest holding. HWG Holdings LP’s holdings in DoorDash were worth $12,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DASH. Norges Bank acquired a new stake in DoorDash in the 2nd quarter valued at about $1,185,576,000. Vanguard Group Inc. grew its position in shares of DoorDash by 4.6% in the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after purchasing an additional 1,792,799 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of DoorDash by 442.5% in the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock valued at $321,799,000 after purchasing an additional 1,497,636 shares during the last quarter. Scge Management L.P. acquired a new stake in shares of DoorDash in the second quarter valued at approximately $267,463,000. Finally, Durable Capital Partners LP lifted its position in DoorDash by 351.2% during the first quarter. Durable Capital Partners LP now owns 1,026,649 shares of the company’s stock worth $187,641,000 after buying an additional 799,096 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

DoorDash stock opened at $234.89 on Tuesday. The company’s 50 day simple moving average is $227.21 and its 200-day simple moving average is $240.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The company has a market capitalization of $101.24 billion, a price-to-earnings ratio of 119.23 and a beta of 1.72.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. As a group, equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

DASH has been the subject of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 target price on shares of DoorDash in a research note on Thursday, November 6th. Mizuho cut their price objective on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Citigroup reiterated a “market outperform” rating on shares of DoorDash in a report on Monday, November 24th. Stifel Nicolaus dropped their price target on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. Finally, Argus reduced their price target on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $275.74.

Insider Transactions at DoorDash

In other news, Director Alfred Lin bought 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average price of $199.01 per share, with a total value of $24,876,250.00. Following the purchase, the director owned 514,047 shares in the company, valued at approximately $102,300,493.47. The trade was a 32.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 661,647 shares of company stock worth $147,333,588. 5.83% of the stock is owned by corporate insiders.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.