Luxor Capital Group LP Has $43.15 Million Stake in DoorDash, Inc. $DASH

Luxor Capital Group LP cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 40.4% during the 1st quarter, HoldingsChannel reports. The fund owned 287,397 shares of the company’s stock after selling 195,103 shares during the quarter. DoorDash accounts for approximately 3.0% of Luxor Capital Group LP’s holdings, making the stock its 7th largest position. Luxor Capital Group LP’s holdings in DoorDash were worth $43,153,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CYBER HORNET ETFs LLC raised its stake in DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after purchasing an additional 60 shares in the last quarter. Vise Technologies Inc. grew its position in shares of DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after purchasing an additional 63 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. AXS Investments LLC increased its holdings in shares of DoorDash by 1.3% during the fourth quarter. AXS Investments LLC now owns 5,438 shares of the company’s stock worth $1,232,000 after purchasing an additional 69 shares during the period. Finally, Mutual Advisors LLC increased its holdings in shares of DoorDash by 3.1% during the fourth quarter. Mutual Advisors LLC now owns 2,371 shares of the company’s stock worth $537,000 after purchasing an additional 71 shares during the period. 90.64% of the stock is owned by institutional investors.

Insider Activity

In other DoorDash news, Director Shona L. Brown sold 582 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $177.06, for a total value of $103,048.92. Following the sale, the director owned 31,156 shares of the company’s stock, valued at approximately $5,516,481.36. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of DoorDash stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $191.19, for a total value of $4,421,268.75. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 74,927 shares of company stock valued at $13,241,532. Corporate insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $172.91 on Friday. The company has a 50 day moving average of $172.22 and a 200-day moving average of $176.04. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a market cap of $75.34 billion, a PE ratio of 82.34 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the subject of several recent research reports. Stifel Nicolaus cut their price target on DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 13th. TD Cowen reissued a “buy” rating on shares of DoorDash in a research report on Wednesday, July 15th. Truist Financial lowered their price objective on DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Wells Fargo & Company dropped their price objective on DoorDash from $200.00 to $199.00 and set an “equal weight” rating for the company in a report on Monday, July 6th. Finally, The Goldman Sachs Group set a $280.00 target price on DoorDash in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

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.