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

Duality Advisers LP reduced its holdings in DoorDash, Inc. (NASDAQ:DASH) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,494 shares of the company’s stock after selling 1,470 shares during the period. Duality Advisers LP’s holdings in DoorDash were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of DoorDash by 448.8% in the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after purchasing an additional 359 shares during the last quarter. Covestor Ltd raised its holdings in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after acquiring an additional 253 shares during the period. Valley National Advisers Inc. acquired a new position in shares of DoorDash during the 4th quarter valued at about $43,000. SJS Investment Consulting Inc. grew its holdings in shares of DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in DoorDash by 1,274.5% during the third quarter. Loomis Sayles & Co. L P now owns 701 shares of the company’s stock worth $56,000 after purchasing an additional 650 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Roth Mkm upped their price objective on DoorDash from $92.00 to $109.00 and gave the company a “neutral” rating in a report on Friday, January 19th. Piper Sandler upgraded shares of DoorDash from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. Truist Financial raised their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. BMO Capital Markets upped their target price on shares of DoorDash from $120.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada raised shares of DoorDash from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $130.00 to $175.00 in a research report on Monday, March 4th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.52.

DoorDash Stock Up 1.6 %

DASH stock opened at $129.36 on Wednesday. The company has a 50 day moving average price of $130.81 and a two-hundred day moving average price of $107.93. DoorDash, Inc. has a one year low of $56.59 and a one year high of $143.34.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the company posted ($0.63) earnings per share. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, sell-side analysts anticipate that DoorDash, Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Keith Yandell sold 3,500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $104.89, for a total transaction of $367,115.00. Following the transaction, the insider now directly owns 179,350 shares in the company, valued at approximately $18,812,021.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Keith Yandell sold 3,500 shares of DoorDash stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $104.89, for a total transaction of $367,115.00. Following the transaction, the insider now directly owns 179,350 shares in the company, valued at $18,812,021.50. The disclosure for this sale can be found here. Insiders sold a total of 497,282 shares of company stock valued at $64,885,042 in the last 90 days. 9.59% of the stock is currently owned by insiders.

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.