Luxor Capital Group LP Has $144.75 Million Stock Holdings in DoorDash, Inc. $DASH

Luxor Capital Group LP lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 25.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 532,177 shares of the company’s stock after selling 182,452 shares during the period. DoorDash accounts for about 6.8% of Luxor Capital Group LP’s portfolio, making the stock its largest position. Luxor Capital Group LP’s holdings in DoorDash were worth $144,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Resonant Capital Advisors LLC increased its stake in DoorDash by 3.5% in the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock valued at $334,000 after purchasing an additional 42 shares in the last quarter. Premier Path Wealth Partners LLC boosted its position in shares of DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after purchasing an additional 45 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in shares of DoorDash by 3.2% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after buying an additional 48 shares during the period. Hobart Private Capital LLC grew its stake in shares of DoorDash by 2.4% in the 3rd quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock valued at $589,000 after buying an additional 50 shares during the period. Finally, SageView Advisory Group LLC increased its position in DoorDash by 3.6% in the 2nd quarter. SageView Advisory Group LLC now owns 1,486 shares of the company’s stock valued at $366,000 after buying an additional 51 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In related news, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $222.52, for a total transaction of $6,675,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $231.97, for a total transaction of $330,557.25. Following the transaction, the chief financial officer owned 184,037 shares in the company, valued at approximately $42,691,062.89. This trade represents a 0.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 205,409 shares of company stock worth $45,332,298. 5.83% of the stock is currently owned by insiders.

DoorDash Stock Performance

Shares of DASH opened at $167.78 on Tuesday. The firm has a market capitalization of $72.89 billion, a P/E ratio of 79.14 and a beta of 1.82. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The stock has a 50 day moving average price of $189.51 and a two-hundred day moving average price of $221.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. Equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

DASH has been the topic of a number of research reports. Cantor Fitzgerald dropped their price target on DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Stifel Nicolaus decreased their price objective on DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. UBS Group lowered their target price on DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Evercore set a $300.00 target price on DoorDash in a report on Thursday, February 19th. Finally, Sanford C. Bernstein reduced their price target on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.82.

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.