DoorDash, Inc. (NASDAQ:DASH) Holdings Raised by Versant Capital Management Inc

Versant Capital Management Inc raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 80.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 900 shares of the company’s stock after buying an additional 401 shares during the period. Versant Capital Management Inc’s holdings in DoorDash were worth $151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. boosted its position in DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after purchasing an additional 10,755 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of DoorDash by 930.5% during the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after buying an additional 610,388 shares during the last quarter. Forsta AP Fonden grew its stake in shares of DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after buying an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after buying an additional 3,498 shares during the last quarter. Finally, Baillie Gifford & Co. raised its position in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $143.76, for a total value of $7,188,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at $2,600,474.64. The trade was a 73.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total transaction of $12,014,289.63. The disclosure for this sale can be found here. Insiders have sold 1,082,694 shares of company stock valued at $183,152,786 in the last three months. 7.92% of the stock is owned by corporate insiders.

DoorDash Price Performance

DoorDash stock opened at $174.96 on Friday. DoorDash, Inc. has a 52-week low of $93.33 and a 52-week high of $181.78. The stock has a fifty day moving average price of $171.36 and a two-hundred day moving average price of $141.52. The firm has a market capitalization of $72.68 billion, a P/E ratio of -388.80, a P/E/G ratio of 13.56 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the firm posted ($0.19) EPS. On average, equities research analysts predict that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on DASH shares. Royal Bank of Canada boosted their target price on shares of DoorDash from $175.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Needham & Company LLC boosted their price target on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group upped their price target on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 price objective on shares of DoorDash in a research note on Monday, October 7th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $171.42.

DoorDash Company 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.