Rockefeller Capital Management L.P. Purchases 21,221 Shares of DoorDash, Inc. $DASH

Rockefeller Capital Management L.P. grew its position in DoorDash, Inc. (NASDAQ:DASH) by 85.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,958 shares of the company’s stock after buying an additional 21,221 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in DoorDash were worth $10,409,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Keel Point LLC raised its position in DoorDash by 4.3% during the third quarter. Keel Point LLC now owns 1,393 shares of the company’s stock valued at $379,000 after purchasing an additional 58 shares in the last quarter. CYBER HORNET ETFs LLC boosted its holdings in shares of DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after purchasing an additional 60 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of DoorDash by 8.1% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 843 shares of the company’s stock valued at $229,000 after purchasing an additional 63 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after purchasing an additional 63 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of DoorDash by 7.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 982 shares of the company’s stock valued at $222,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $177.93 on Thursday. The firm has a market capitalization of $77.53 billion, a price-to-earnings ratio of 84.73 and a beta of 1.83. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $165.16 and its 200-day moving average price is $182.18. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue was up 33.1% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 2.41 EPS for the current year.

Insider Buying and Selling at DoorDash

In related news, General Counsel Tia Sherringham sold 2,743 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the sale, the general counsel owned 128,216 shares of the company’s stock, valued at $20,615,850.64. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the transaction, the director directly owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 58,558 shares of company stock worth $9,324,940 in the last three months. 5.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DASH shares. Moffett Nathanson set a $276.00 price target on DoorDash in a report on Wednesday, April 15th. Wells Fargo & Company lifted their target price on DoorDash from $198.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Argus set a $190.00 target price on DoorDash in a research note on Thursday, June 11th. Piper Sandler dropped their target price on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.11.

DoorDash Company Profile

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.