DoorDash, Inc. $DASH Shares Sold by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 46.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,899 shares of the company’s stock after selling 70,234 shares during the period. DoorDash accounts for about 1.7% of Quinn Opportunity Partners LLC’s portfolio, making the stock its 11th largest holding. Quinn Opportunity Partners LLC’s holdings in DoorDash were worth $19,942,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DASH. Vanguard Group Inc. lifted its position in DoorDash by 25.8% in the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after buying an additional 8,073,882 shares during the last quarter. AQR Capital Management LLC grew its stake 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 buying an additional 1,497,636 shares in the last quarter. Invesco Ltd. lifted its stake in DoorDash by 41.9% during the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after acquiring an additional 1,416,194 shares in the last quarter. Nuveen LLC acquired a new position in DoorDash in the 1st quarter valued at about $211,415,000. Finally, Deutsche Bank AG boosted its stake in shares of DoorDash by 111.3% in the first quarter. Deutsche Bank AG now owns 2,009,699 shares of the company’s stock valued at $367,313,000 after purchasing an additional 1,058,731 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of several recent research reports. Evercore ISI reissued an “outperform” rating and issued a $360.00 price target (up previously from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Sanford C. Bernstein lifted their price target on shares of DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. JMP Securities increased their price objective on shares of DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a research report on Thursday, August 7th. Cantor Fitzgerald decreased their price objective on shares of DoorDash from $330.00 to $270.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price target on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $280.62.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $244.39, for a total transaction of $7,331,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $263.86, for a total transaction of $376,000.50. Following the transaction, the chief financial officer directly owned 214,147 shares in the company, valued at approximately $56,504,827.42. This trade represents a 0.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 825,277 shares of company stock worth $205,015,591 in the last three months. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH opened at $200.63 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $85.71 billion, a price-to-earnings ratio of 101.84 and a beta of 1.70. The firm’s fifty day moving average price is $257.06 and its 200 day moving average price is $238.27. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50.

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

DoorDash Company 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.