DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Steadview Capital Management LLC

Steadview Capital Management LLC increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 38.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 572,740 shares of the company’s stock after purchasing an additional 160,500 shares during the period. DoorDash makes up approximately 19.4% of Steadview Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Steadview Capital Management LLC’s holdings in DoorDash were worth $56,638,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Versor Investments LP acquired a new stake in shares of DoorDash during the third quarter worth $556,000. Assenagon Asset Management S.A. grew its stake in DoorDash by 1,725.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after acquiring an additional 1,052,198 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of DoorDash in the fourth quarter worth about $769,000. Angeles Investment Advisors LLC bought a new stake in shares of DoorDash in the third quarter worth about $336,000. Finally, Bank of Nova Scotia increased its holdings in shares of DoorDash by 685.9% in the third quarter. Bank of Nova Scotia now owns 46,751 shares of the company’s stock worth $3,715,000 after acquiring an additional 40,802 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on DASH shares. Needham & Company LLC restated a “buy” rating and issued a $137.00 price target on shares of DoorDash in a report on Thursday. Loop Capital started coverage on DoorDash in a report on Friday, April 19th. They issued a “buy” rating and a $170.00 price target for the company. Truist Financial lowered their price target on DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company increased their price target on DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Finally, Oppenheimer upped their price objective on DoorDash from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.96.

DoorDash Trading Down 0.4 %

Shares of DASH traded down $0.50 during mid-day trading on Friday, reaching $113.81. The company’s stock had a trading volume of 6,210,790 shares, compared to its average volume of 4,293,060. DoorDash, Inc. has a 1-year low of $60.36 and a 1-year high of $143.34. The stock has a market cap of $45.98 billion, a P/E ratio of -105.38, a PEG ratio of 13.13 and a beta of 1.78. The business has a 50-day simple moving average of $131.86 and a two-hundred day simple moving average of $110.13.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the firm posted ($0.41) earnings per share. The business’s revenue was up 23.5% on a year-over-year basis. Research analysts anticipate that DoorDash, Inc. will post 0.21 EPS for the current year.

Insider Activity

In other news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Tia Sherringham sold 1,880 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $120.15, for a total transaction of $225,882.00. Following the transaction, the general counsel now owns 217,260 shares in the company, valued at $26,103,789. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 132,300 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. Insiders sold a total of 487,782 shares of company stock valued at $64,046,807 over the last three months. Insiders own 9.59% of the company’s stock.

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.