Holocene Advisors LP Has $208.78 Million Position in DoorDash, Inc. $DASH

Holocene Advisors LP decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 37.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 846,934 shares of the company’s stock after selling 496,399 shares during the period. Holocene Advisors LP owned about 0.20% of DoorDash worth $208,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of DoorDash by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after purchasing an additional 1,792,799 shares in the last quarter. State Street Corp boosted its stake in DoorDash by 3.1% in the second quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after buying an additional 427,722 shares in the last quarter. Geode Capital Management LLC boosted its stake in DoorDash by 2.9% in the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after buying an additional 223,188 shares in the last quarter. Invesco Ltd. grew its position in DoorDash by 12.0% in the second quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock valued at $1,325,110,000 after acquiring an additional 575,629 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in DoorDash by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock worth $897,031,000 after acquiring an additional 641,601 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of DoorDash from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Royal Bank Of Canada dropped their price objective on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Argus decreased their target price on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group lowered their price target on shares of DoorDash from $316.00 to $241.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Wall Street Zen lowered DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $275.46.

Insider Buying and Selling

In other DoorDash news, Director Alfred Lin purchased 125,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average cost of $199.01 per share, for a total transaction of $24,876,250.00. Following the acquisition, the director owned 514,047 shares in the company, valued at approximately $102,300,493.47. The trade was a 32.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 25,000 shares of DoorDash stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $204.95, for a total value of $5,123,750.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 696,230 shares of company stock worth $156,736,003. Corporate insiders own 5.83% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $227.49 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The firm has a market cap of $98.05 billion, a PE ratio of 115.48 and a beta of 1.72. The firm’s fifty day moving average is $232.77 and its 200-day moving average is $239.61.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The company 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 company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

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.