Y.D. More Investments Ltd Has $2.63 Million Stock Position in DoorDash, Inc. $DASH

Y.D. More Investments Ltd raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 53.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,599 shares of the company’s stock after buying an additional 4,020 shares during the quarter. Y.D. More Investments Ltd’s holdings in DoorDash were worth $2,627,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in DoorDash by 3.7% during the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock worth $11,617,484,000 after acquiring an additional 1,522,823 shares during the period. State Street Corp boosted its holdings in DoorDash by 6.3% in the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock valued at $4,160,529,000 after purchasing an additional 909,125 shares during the period. Capital World Investors grew its position in DoorDash by 0.9% in the 3rd quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock worth $2,955,424,000 after purchasing an additional 95,278 shares during the last quarter. Invesco Ltd. increased its holdings in shares of DoorDash by 18.2% during the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after purchasing an additional 980,148 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of DoorDash by 3.0% during the 3rd quarter. Northern Trust Corp now owns 3,348,168 shares of the company’s stock worth $910,668,000 after purchasing an additional 96,012 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

NASDAQ DASH opened at $156.45 on Monday. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The stock has a market cap of $67.97 billion, a P/E ratio of 73.80 and a beta of 1.93. The company’s 50-day simple moving average is $173.23 and its 200 day simple moving average is $212.39.

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

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total transaction of $9,491,144.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $204.59, for a total value of $3,068,850.00. Following the completion of the sale, the chief operating officer directly owned 874,130 shares in the company, valued at approximately $178,838,256.70. This represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 75,240 shares of company stock valued at $15,106,834. 5.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DASH has been the subject of several research reports. Jefferies Financial Group increased their target price on shares of DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a research note 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. BNP Paribas Exane initiated coverage on DoorDash in a report on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 price target for the company. Stifel Nicolaus reduced their price objective on DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a research report on Tuesday, January 27th. Finally, Morgan Stanley restated an “overweight” rating and set a $275.00 price objective on shares of DoorDash in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $263.12.

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.