SC US Ttgp LTD. Has $8.48 Billion Position in DoorDash, Inc. $DASH

SC US Ttgp LTD. decreased its position in DoorDash, Inc. (NASDAQ:DASH) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,180,266 shares of the company’s stock after selling 16,172 shares during the quarter. DoorDash accounts for approximately 52.3% of SC US Ttgp LTD.’s holdings, making the stock its largest holding. SC US Ttgp LTD. owned 7.30% of DoorDash worth $8,480,721,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of DoorDash by 3.7% in the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after purchasing an additional 1,522,823 shares during the last quarter. State Street Corp boosted its holdings in DoorDash by 3.1% during the second quarter. State Street Corp now owns 14,387,499 shares of the company’s stock worth $3,546,662,000 after purchasing an additional 427,722 shares during the last quarter. Capital World Investors grew its position in DoorDash by 0.9% in the third quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock valued at $2,955,424,000 after purchasing an additional 95,278 shares in the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 223,188 shares in the last quarter. Finally, Invesco Ltd. increased its stake in DoorDash by 18.2% in the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock valued at $1,728,667,000 after buying an additional 980,148 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 1,017 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total value of $218,797.38. Following the sale, the chief financial officer directly owned 208,412 shares in the company, valued at approximately $44,837,757.68. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $209.01, for a total transaction of $9,491,144.10. The SEC filing for this sale provides additional information. Insiders sold 291,236 shares of company stock worth $63,380,925 over the last quarter. 5.83% of the stock is currently owned by company insiders.

DoorDash Trading Down 2.2%

DASH stock opened at $176.47 on Friday. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a market capitalization of $76.06 billion, a PE ratio of 83.24 and a beta of 1.77. The company’s 50-day simple moving average is $202.02 and its 200 day simple moving average is $228.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results 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). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was up 37.7% on a year-over-year basis. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Guggenheim reduced their price target on DoorDash from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Susquehanna dropped their price objective on DoorDash from $300.00 to $250.00 and set a “positive” rating on the stock in a research note on Friday, November 7th. Stifel Nicolaus cut their price objective on DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a report on Tuesday, January 27th. Evercore set a $300.00 target price on shares of DoorDash in a report on Thursday, February 19th. Finally, KeyCorp upped their price target on shares of DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $264.74.

DoorDash Company Profile

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.