SC US Ttgp LTD. Trims Holdings in DoorDash, Inc. $DASH

SC US Ttgp LTD. lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,180,266 shares of the company’s stock after selling 16,172 shares during the quarter. DoorDash makes up approximately 52.3% of SC US Ttgp LTD.’s investment portfolio, making the stock its largest position. SC US Ttgp LTD. owned 0.07% of DoorDash worth $8,480,721,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after buying an additional 303 shares during the period. Empowered Funds LLC raised its position in shares of DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after acquiring an additional 285 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of DoorDash by 84.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,446 shares of the company’s stock worth $1,342,000 after acquiring an additional 2,499 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Benchmark raised their price target on shares of DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Citigroup lowered their target price on shares of DoorDash from $283.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Oppenheimer dropped their target price on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Mizuho decreased their price target on DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, November 12th. Finally, Stifel Nicolaus dropped their price objective on DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a research note on Tuesday, January 27th. One 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $264.74.

DoorDash Stock Performance

Shares of DoorDash stock opened at $176.47 on Friday. The business has a 50-day simple moving average of $202.02 and a 200 day simple moving average of $228.22. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $76.06 billion, a price-to-earnings ratio of 83.24 and a beta of 1.77.

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

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $222.52, for a total value of $6,675,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This represents a 91.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 291,236 shares of company stock worth $63,380,925. Corporate insiders own 5.83% of the company’s stock.

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.