DoorDash, Inc. $DASH Shares Bought by Crescent Park Management L.P.

Crescent Park Management L.P. raised its position in DoorDash, Inc. (NASDAQ:DASH) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,603 shares of the company’s stock after purchasing an additional 5,505 shares during the period. DoorDash accounts for 5.6% of Crescent Park Management L.P.’s investment portfolio, making the stock its 8th largest holding. Crescent Park Management L.P.’s holdings in DoorDash were worth $14,446,000 at the end of the most recent quarter.

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

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 288,410 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 232,040 shares in the company, valued at $45,489,121.60. This represents a 55.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Prabir Adarkar sold 24,489 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $187.36, for a total value of $4,588,259.04. Following the completion of the transaction, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at $163,776,996.80. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 629,223 shares of company stock worth $143,492,277. Corporate insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of DASH opened at $205.58 on Tuesday. The company has a 50-day simple moving average of $240.59 and a 200-day simple moving average of $238.86. 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 $88.60 billion, a PE ratio of 104.36 and a beta of 1.72. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC dropped their target price on DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, November 14th. KeyCorp reissued an “overweight” rating and issued a $280.00 price objective on shares of DoorDash in a research note on Friday, November 21st. Piper Sandler upped their price objective on shares of DoorDash from $210.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. BMO Capital Markets lifted their target price on shares of DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Morgan Stanley boosted their price target on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $275.62.

DoorDash 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.