DoorDash, Inc. $DASH Holdings Reduced by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA lowered its position in DoorDash, Inc. (NASDAQ:DASH) by 26.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 12,078 shares of the company’s stock after selling 4,280 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in DoorDash were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Intech Investment Management LLC raised its stake in shares of DoorDash by 707.8% during the fourth quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after purchasing an additional 221,985 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in DoorDash in the 4th quarter valued at about $41,712,000. Nomura Asset Management Co. Ltd. grew its position in DoorDash by 9.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company’s stock valued at $35,548,000 after buying an additional 13,121 shares in the last quarter. Allstate Corp increased its stake in DoorDash by 116.7% during the 4th quarter. Allstate Corp now owns 29,227 shares of the company’s stock valued at $6,619,000 after buying an additional 15,741 shares during the period. Finally, Brighton Jones LLC raised its position in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DASH opened at $172.91 on Monday. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The company has a 50-day moving average of $172.22 and a two-hundred day moving average of $175.68. The stock has a market cap of $75.34 billion, a price-to-earnings ratio of 82.34 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate 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 net margin of 6.29% and a return on equity of 9.58%. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, equities research analysts expect that DoorDash, Inc. will post 2.39 earnings per share for the current year.

Analysts Set New Price Targets

DASH has been the subject of a number of research analyst reports. BTIG Research reduced their price target on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Citigroup reissued a “market outperform” rating on shares of DoorDash in a report on Monday, June 22nd. UBS Group boosted their target price on DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wells Fargo & Company cut their target price on DoorDash from $200.00 to $199.00 and set an “equal weight” rating for the company in a research report on Monday, July 6th. Finally, Stifel Nicolaus lowered their price target on DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 23,125 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $191.19, for a total transaction of $4,421,268.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the transaction, the general counsel owned 128,216 shares in the company, valued at approximately $20,615,850.64. This trade represents a 2.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 74,927 shares of company stock valued at $13,241,532 in the last three months. Company insiders own 5.83% of the company’s stock.

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.