Landscape Capital Management L.L.C. Boosts Holdings in DoorDash, Inc. $DASH

Landscape Capital Management L.L.C. raised its position in DoorDash, Inc. (NASDAQ:DASH) by 72.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 25,715 shares of the company’s stock after acquiring an additional 10,769 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in DoorDash were worth $6,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of DoorDash by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after purchasing an additional 1,522,823 shares during the last quarter. State Street Corp increased its position in DoorDash by 3.1% during the 2nd quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after buying an additional 427,722 shares in the last quarter. Capital World Investors increased its position in DoorDash by 0.9% during the 3rd quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock valued at $2,955,424,000 after buying an additional 95,278 shares in the last quarter. Geode Capital Management LLC raised its stake in DoorDash by 2.9% in the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after buying an additional 223,188 shares during the last quarter. Finally, Invesco Ltd. raised its stake in DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock valued at $1,728,667,000 after buying an additional 980,148 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wedbush upped their price objective on shares of DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Jefferies Financial Group boosted their target price on shares of DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Bank of America upped their price target on shares of DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wolfe Research set a $270.00 price target on shares of DoorDash in a report on Monday, January 5th. Finally, Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $262.82.

Insider Activity

In related news, Director Andy Fang sold 30,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $222.52, for a total transaction of $6,675,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 16,667 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $345,000. The trade was a 91.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 205,409 shares of company stock valued at $45,332,298 over the last quarter. Insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH traded up $2.79 during midday trading on Friday, hitting $164.54. The company’s stock had a trading volume of 300,144 shares, compared to its average volume of 5,215,367. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week 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 cap of $71.48 billion, a P/E ratio of 77.44 and a beta of 1.82. The firm’s 50 day moving average is $191.86 and its 200-day moving average is $223.48.

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

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.