Quantbot Technologies LP Has $1.32 Million Stake in DoorDash, Inc. $DASH

Quantbot Technologies LP lowered its stake in DoorDash, Inc. (NASDAQ:DASH) by 77.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,338 shares of the company’s stock after selling 18,081 shares during the quarter. Quantbot Technologies LP’s holdings in DoorDash were worth $1,316,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GFG Capital LLC acquired a new stake in DoorDash in the second quarter worth $30,000. Saudi Central Bank acquired a new position in shares of DoorDash during the first quarter valued at about $25,000. WPG Advisers LLC bought a new position in shares of DoorDash during the 1st quarter worth about $26,000. Pacific Center for Financial Services bought a new position in shares of DoorDash during the 1st quarter worth about $27,000. Finally, Harbour Investments Inc. grew its stake in shares of DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DoorDash stock opened at $225.00 on Monday. The company’s 50 day moving average price is $237.29 and its two-hundred day moving average price is $239.36. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The stock has a market cap of $96.98 billion, a P/E ratio of 114.21 and a beta of 1.72.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, equities analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Alfred Lin acquired 389,047 shares of DoorDash stock in a transaction on Tuesday, November 25th. The stock was acquired at an average cost of $193.81 per share, with a total value of $75,401,199.07. Following the completion of the acquisition, the director owned 389,047 shares in the company, valued at approximately $75,401,199.07. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $268.20, for a total value of $8,046,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 679,563 shares of company stock valued at $152,902,593 in the last quarter. 5.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DASH has been the topic of a number of research reports. Needham & Company LLC dropped their price target on DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. UBS Group lowered their target price on DoorDash from $316.00 to $241.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Wall Street Zen cut DoorDash from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wedbush raised shares of DoorDash from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $160.00 to $260.00 in a research report on Thursday, November 13th. Finally, Benchmark upped their price objective on shares of DoorDash from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $275.62.

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.