Moore Capital Management LP Has $28.39 Million Stock Holdings in DoorDash, Inc. $DASH

Moore Capital Management LP raised its holdings in DoorDash, Inc. (NASDAQ:DASHFree Report) by 493.3% during the fourth quarter, HoldingsChannel reports. The firm owned 125,342 shares of the company’s stock after acquiring an additional 104,216 shares during the quarter. Moore Capital Management LP’s holdings in DoorDash were worth $28,387,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of DoorDash by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after acquiring an additional 713,571 shares in the last quarter. SC US Ttgp LTD. boosted its holdings in shares of DoorDash by 1.6% during the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after acquiring an additional 506,358 shares in the last quarter. Morgan Stanley boosted its holdings in shares of DoorDash by 2.3% during the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after acquiring an additional 391,596 shares in the last quarter. State Street Corp boosted its holdings in shares of DoorDash by 3.0% during the 4th quarter. State Street Corp now owns 15,761,072 shares of the company’s stock valued at $3,569,568,000 after acquiring an additional 464,448 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of DoorDash by 32.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after acquiring an additional 3,447,754 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 21,739 shares of DoorDash stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the transaction, the chief operating officer directly owned 959,076 shares of the company’s stock, valued at approximately $148,896,549. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of DoorDash stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the transaction, the general counsel directly owned 128,216 shares in the company, valued at $20,615,850.64. The trade was a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,558 shares of company stock valued at $10,914,640 over the last 90 days. 5.83% of the stock is owned by corporate insiders.

DoorDash Stock Down 2.6%

Shares of DASH opened at $165.66 on Thursday. The company has a market capitalization of $72.18 billion, a PE ratio of 78.89 and a beta of 1.83. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The stock’s 50-day moving average price is $163.46 and its two-hundred day moving average price is $183.56. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASHGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. On average, analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current year.

Analysts Set New Price Targets

DASH has been the topic of several recent research reports. Truist Financial cut their price objective on DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Moffett Nathanson set a $276.00 price objective on DoorDash in a report on Wednesday, April 15th. Citigroup cut their price objective on DoorDash from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Mizuho cut their price objective on DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Finally, Susquehanna cut their price objective on DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a report on Friday, May 8th. Two equities research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.11.

Get Our Latest Research Report on DoorDash

About DoorDash

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASHFree Report).

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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