DoorDash, Inc. $DASH is Steadview Capital Management LLC’s 4th Largest Position

Steadview Capital Management LLC lowered its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 24.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,440 shares of the company’s stock after selling 80,675 shares during the quarter. DoorDash accounts for 9.7% of Steadview Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Steadview Capital Management LLC’s holdings in DoorDash were worth $67,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. GFG Capital LLC purchased a new stake in shares of DoorDash in the second quarter valued at about $30,000. Sound Income Strategies LLC increased its stake in DoorDash by 2,760.0% in the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after buying an additional 138 shares during the last quarter. Asset Planning Inc bought a new position in shares of DoorDash during the 3rd quarter worth approximately $50,000. NewSquare Capital LLC boosted its stake in shares of DoorDash by 610.3% in the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $51,000 after buying an additional 177 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of DoorDash by 3,660.0% in the third quarter. CX Institutional now owns 188 shares of the company’s stock valued at $51,000 after acquiring an additional 183 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

DASH opened at $207.65 on Friday. The firm has a 50-day moving average price of $217.08 and a 200-day moving average price of $239.46. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $89.50 billion, a price-to-earnings ratio of 105.41 and a beta of 1.70.

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

Wall Street Analyst Weigh In

DASH has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Mizuho lowered their target price on DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Wall Street Zen downgraded shares of DoorDash from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Barclays decreased their price objective on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Finally, Wedbush boosted their target price on shares of DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $281.26.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 288,410 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $196.04, for a total value of $56,539,896.40. Following the completion of the transaction, the chief executive officer owned 232,040 shares in the company, valued at $45,489,121.60. This trade represents a 55.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alfred Lin bought 389,047 shares of DoorDash stock in a transaction on Tuesday, November 25th. The shares were bought at an average cost of $193.81 per share, with a total value of $75,401,199.07. Following the acquisition, the director directly owned 389,047 shares in the company, valued at approximately $75,401,199.07. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 632,885 shares of company stock valued at $133,222,817 in the last 90 days. Corporate insiders own 5.83% of the company’s stock.

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.