DoorDash, Inc. $DASH is Ogborne Capital Management LLC’s 5th Largest Position

Ogborne Capital Management LLC raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 328.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 150,000 shares of the company’s stock after purchasing an additional 115,000 shares during the quarter. DoorDash comprises about 10.7% of Ogborne Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Ogborne Capital Management LLC’s holdings in DoorDash were worth $33,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of DoorDash by 39.7% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 510 shares of the company’s stock worth $116,000 after buying an additional 145 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of DoorDash by 5.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 49,284 shares of the company’s stock worth $11,162,000 after acquiring an additional 2,680 shares during the last quarter. Piedmont Capital Management LLC NC purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $787,000. QVT Financial LP increased its position in DoorDash by 161.4% during the 4th quarter. QVT Financial LP now owns 9,786 shares of the company’s stock valued at $2,216,000 after purchasing an additional 6,042 shares during the period. Finally, Sands Capital Management LLC raised its stake in DoorDash by 11.8% in the fourth quarter. Sands Capital Management LLC now owns 4,496,607 shares of the company’s stock worth $1,018,392,000 after buying an additional 473,316 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays reduced their price target on DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, February 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $275.00 price objective on shares of DoorDash in a research report on Thursday, February 19th. DA Davidson decreased their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Citizens Jmp lowered their price objective on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research report on Friday, February 20th. Finally, Zacks Research upgraded DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $256.11.

DoorDash Stock Up 11.6%

DASH stock opened at $168.09 on Tuesday. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $73.24 billion, a P/E ratio of 80.04 and a beta of 1.83. The firm’s fifty day simple moving average is $162.97 and its 200-day simple moving average is $183.96.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 21,433 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the transaction, the director owned 19,279 shares in the company, valued at $2,891,850. This trade represents a 52.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of DoorDash stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the completion of the sale, the chief operating officer directly owned 959,076 shares in the company, valued at $148,896,549. This represents a 2.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,558 shares of company stock valued at $10,914,640 over the last ninety days. 5.83% of the stock is owned by corporate insiders.

DoorDash Company 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.