DoorDash, Inc. $DASH Holdings Cut by Y.D. More Investments Ltd

Y.D. More Investments Ltd cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 20.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,696 shares of the company’s stock after selling 2,445 shares during the quarter. Y.D. More Investments Ltd’s holdings in DoorDash were worth $2,390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GFG Capital LLC acquired a new position in DoorDash during the 2nd quarter valued at approximately $30,000. Saudi Central Bank acquired a new position in shares of DoorDash during the first quarter valued at $25,000. WPG Advisers LLC bought a new position in shares of DoorDash during the first quarter worth about $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash in the 1st quarter worth about $27,000. Finally, Harbour Investments Inc. increased its holdings in shares of DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after acquiring an additional 70 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total value of $11,097,749.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 24,968 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total transaction of $6,799,285.76. Following the sale, the chief operating officer owned 909,579 shares of the company’s stock, valued at $247,696,553.28. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 791,110 shares of company stock valued at $196,549,692 in the last quarter. 5.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Guggenheim upgraded DoorDash to a “strong-buy” rating in a research report on Wednesday, October 15th. Zacks Research lowered DoorDash from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $325.00 target price (up previously from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. Finally, Truist Financial increased their price target on DoorDash from $326.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $279.00.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $206.96 on Friday. The stock has a fifty day moving average price of $254.14 and a two-hundred day moving average price of $238.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $89.20 billion, a P/E ratio of 105.06 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the company earned $0.38 EPS. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. Research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

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.