Polar Capital Holdings Plc Has $111.68 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Polar Capital Holdings Plc boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 10.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 665,776 shares of the company’s stock after purchasing an additional 60,458 shares during the period. Polar Capital Holdings Plc’s holdings in DoorDash were worth $111,684,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DASH. Vanguard Group Inc. lifted its position in shares of DoorDash by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after buying an additional 317,502 shares during the last quarter. Capital World Investors boosted its position in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares during the period. Franklin Resources Inc. raised its position in shares of DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock valued at $796,781,000 after purchasing an additional 949,414 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in DoorDash by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company’s stock valued at $763,198,000 after acquiring an additional 86,667 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Down 0.5%

Shares of DASH stock opened at $196.84 on Thursday. The firm has a market capitalization of $82.69 billion, a price-to-earnings ratio of 729.04 and a beta of 1.68. The business’s 50-day moving average price is $185.28 and its 200-day moving average price is $181.52. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business earned ($0.06) EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,161 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $4,101,755.45. Following the transaction, the chief operating officer now directly owns 905,061 shares of the company’s stock, valued at approximately $184,134,660.45. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now directly owns 14,778 shares in the company, valued at approximately $3,006,584.10. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,573 shares of company stock worth $30,407,073. 7.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC increased their target price on DoorDash from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Wedbush reissued an “outperform” rating on shares of DoorDash in a research report on Wednesday, May 7th. Morgan Stanley decreased their price target on shares of DoorDash from $245.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $210.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a report on Tuesday, April 29th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.97.

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.