Aspex Management HK Ltd Has $204.99 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Aspex Management HK Ltd lessened its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 29.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,436,230 shares of the company’s stock after selling 609,622 shares during the period. DoorDash comprises 5.4% of Aspex Management HK Ltd’s portfolio, making the stock its 7th largest position. Aspex Management HK Ltd owned 0.35% of DoorDash worth $204,993,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in DoorDash by 0.8% in the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after purchasing an additional 82 shares during the period. Everhart Financial Group Inc. boosted its holdings in shares of DoorDash by 3.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after buying an additional 99 shares during the period. E Fund Management Co. Ltd. grew its position in shares of DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after buying an additional 111 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after acquiring an additional 117 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in DoorDash by 39.0% in the third quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after acquiring an additional 119 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler upped their target price on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Truist Financial upped their price objective on DoorDash from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price on the stock in a research report on Wednesday, September 25th. Jefferies Financial Group boosted their price target on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, KeyCorp upped their price target on shares of DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.06.

DoorDash Stock Up 1.1 %

Shares of DoorDash stock opened at $180.48 on Monday. DoorDash, Inc. has a 12-month low of $92.58 and a 12-month high of $181.30. The firm has a market capitalization of $74.97 billion, a PE ratio of -401.07, a price-to-earnings-growth ratio of 13.88 and a beta of 1.67. The stock’s fifty day moving average is $158.11 and its 200-day moving average is $131.20.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the company earned ($0.19) EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. Analysts expect that DoorDash, Inc. will post 0.26 EPS for the current year.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now owns 18,089 shares in the company, valued at $2,355,187.80. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 654,596 shares of company stock worth $104,128,585. 7.92% of the stock is owned by corporate insiders.

About DoorDash

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.