NZS Capital LLC Has $29.53 Million Holdings in DoorDash, Inc. $DASH

NZS Capital LLC raised its position in DoorDash, Inc. (NASDAQ:DASH) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,555 shares of the company’s stock after purchasing an additional 17,402 shares during the quarter. NZS Capital LLC’s holdings in DoorDash were worth $29,526,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of DoorDash during the second quarter worth about $1,185,576,000. Vanguard Group Inc. boosted its position in DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after acquiring an additional 1,792,799 shares during the last quarter. Scge Management L.P. acquired a new position in DoorDash during the 2nd quarter worth approximately $267,463,000. Ninety One UK Ltd acquired a new stake in shares of DoorDash in the third quarter valued at approximately $259,154,000. Finally, AQR Capital Management LLC lifted its position in shares of DoorDash by 43.5% in the second quarter. AQR Capital Management LLC now owns 2,633,971 shares of the company’s stock worth $643,084,000 after purchasing an additional 797,849 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Prabir Adarkar sold 15,000 shares of DoorDash stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the completion of the sale, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at approximately $178,838,256.70. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tony Xu sold 16,667 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the sale, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 91.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 220,826 shares of company stock valued at $48,944,946. Company insiders own 5.83% of the company’s stock.

DoorDash Trading Down 0.5%

DASH stock opened at $175.46 on Wednesday. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The stock has a market cap of $76.23 billion, a price-to-earnings ratio of 82.76 and a beta of 1.82. The company has a fifty day moving average price of $199.71 and a two-hundred day moving average price of $226.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. Equities analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays reduced their target price on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, February 19th. BNP Paribas Exane began coverage on DoorDash in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 target price on the stock. Jefferies Financial Group upped their target price on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Zacks Research upgraded DoorDash from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada lowered their price target on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $262.82.

About DoorDash

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.