DoorDash, Inc. $DASH Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 29.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,396 shares of the company’s stock after selling 8,220 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in DoorDash were worth $4,781,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DASH. Citizens Financial Group Inc. RI boosted its position in shares of DoorDash by 43.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 25,539 shares of the company’s stock valued at $6,296,000 after purchasing an additional 7,761 shares during the period. Keyvantage Wealth LLC purchased a new stake in DoorDash during the second quarter valued at about $210,000. Cetera Investment Advisers lifted its stake in DoorDash by 45.2% during the second quarter. Cetera Investment Advisers now owns 26,425 shares of the company’s stock valued at $6,514,000 after buying an additional 8,228 shares in the last quarter. Advisory Resource Group boosted its holdings in shares of DoorDash by 0.8% in the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after buying an additional 48 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of DoorDash by 8.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 84,090 shares of the company’s stock worth $20,729,000 after acquiring an additional 6,506 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Price Performance

NASDAQ DASH opened at $189.63 on Friday. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The company has a fifty day simple moving average of $248.53 and a 200 day simple moving average of $237.89. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The company has a market cap of $81.73 billion, a P/E ratio of 96.26 and a beta of 1.70.

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

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total transaction of $11,097,749.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $277.47, for a total transaction of $346,837.50. Following the completion of the sale, the director directly owned 37,252 shares in the company, valued at $10,336,312.44. This trade represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 499,707 shares of company stock valued at $127,140,411 in the last quarter. 5.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DASH has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a research report on Wednesday, October 8th. The Goldman Sachs Group cut their target price on shares of DoorDash from $315.00 to $279.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Needham & Company LLC reduced their price target on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Evercore ISI reaffirmed an “outperform” rating and set a $360.00 price objective (up from $240.00) on shares of DoorDash in a research report on Friday, August 8th. Finally, Wedbush raised shares of DoorDash from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $160.00 to $260.00 in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $275.62.

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.