Tybourne Capital Management HK Ltd. cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) by 30.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,090 shares of the company’s stock after selling 5,307 shares during the quarter. DoorDash makes up 0.5% of Tybourne Capital Management HK Ltd.’s portfolio, making the stock its 25th largest holding. Tybourne Capital Management HK Ltd.’s holdings in DoorDash were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. lifted its position in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Dragoneer Investment Group LLC raised its holdings in shares of DoorDash by 77.9% during the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after buying an additional 1,246,567 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of DoorDash by 16.4% during the second quarter. Renaissance Technologies LLC now owns 2,787,843 shares of the company’s stock worth $303,262,000 after buying an additional 392,300 shares during the period. Bank of New York Mellon Corp grew its holdings in DoorDash by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,387,113 shares of the company’s stock worth $150,890,000 after buying an additional 188,612 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in DoorDash by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,341,660 shares of the company’s stock valued at $191,495,000 after acquiring an additional 88,025 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, insider Keith Yandell sold 5,509 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.24, for a total value of $970,906.16. Following the completion of the sale, the insider now directly owns 118,712 shares in the company, valued at approximately $20,921,802.88. The trade was a 4.43 % 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, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 553,262 shares of company stock worth $85,515,902. 7.92% of the stock is currently owned by insiders.
DoorDash Stock Down 0.3 %
DoorDash (NASDAQ:DASH – Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) earnings per share. On average, research analysts anticipate that DoorDash, Inc. will post 0.26 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have issued reports on DASH. Susquehanna boosted their price target on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Evercore ISI increased their target price on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Loop Capital raised their target price on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JMP Securities upped their price target on shares of DoorDash from $160.00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Finally, Roth Mkm raised their price objective on shares of DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.06.
View Our Latest Research Report on DoorDash
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.
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