Yousif Capital Management LLC Reduces Stock Position in DoorDash, Inc. $DASH

Yousif Capital Management LLC lowered its position in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,153 shares of the company’s stock after selling 3,333 shares during the period. Yousif Capital Management LLC’s holdings in DoorDash were worth $8,414,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in DoorDash by 5.0% during the 3rd quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after buying an additional 22,944 shares during the period. Caprock Group LLC bought a new position in shares of DoorDash during the third quarter valued at approximately $3,169,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of DoorDash by 7.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after purchasing an additional 53,722 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of DoorDash during the fourth quarter valued at approximately $41,712,000. Finally, Jefferies Financial Group Inc. increased its stake in DoorDash by 136.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock valued at $11,520,000 after purchasing an additional 24,454 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on DASH shares. Wolfe Research set a $270.00 price objective on shares of DoorDash in a research note on Monday, January 5th. Evercore set a $300.00 price target on shares of DoorDash in a report on Thursday, February 19th. Barclays dropped their price objective on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating and issued a $275.00 price objective on shares of DoorDash in a report on Thursday, February 19th. Finally, Citigroup dropped their price objective on shares of DoorDash from $283.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $263.12.

View Our Latest Report on DASH

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 21,433 shares of DoorDash stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the transaction, the director directly owned 19,279 shares of the company’s stock, valued at $2,891,850. The trade was a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the transaction, the director directly owned 31,002 shares of the company’s stock, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 96,673 shares of company stock worth $18,321,784. Company insiders own 5.83% of the company’s stock.

DoorDash Trading Up 3.1%

DoorDash stock opened at $160.69 on Thursday. The stock has a market cap of $69.81 billion, a P/E ratio of 75.80 and a beta of 1.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm’s 50 day moving average price is $170.19 and its 200-day moving average price is $210.47.

DoorDash (NASDAQ:DASHGet Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. On average, equities analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

DoorDash Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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