Mariner LLC Increases Holdings in DoorDash, Inc. $DASH

Mariner LLC lifted its position in DoorDash, Inc. (NASDAQ:DASH) by 225.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 525,309 shares of the company’s stock after purchasing an additional 364,049 shares during the quarter. Mariner LLC’s holdings in DoorDash were worth $118,969,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DASH. Brighton Jones LLC raised its stake in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC raised its stake in shares of DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after purchasing an additional 285 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of DoorDash in the second quarter worth about $222,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DASH shares. Needham & Company LLC restated a “buy” rating and issued a $265.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Truist Financial reduced their price target on DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. KeyCorp lifted their price target on DoorDash from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Citigroup reduced their price target on DoorDash from $280.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Rothschild & Co Redburn set a $350.00 price target on DoorDash in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $256.11.

DoorDash Stock Up 11.6%

Shares of DASH stock opened at $168.09 on Tuesday. The stock has a 50 day moving average of $162.97 and a 200 day moving average of $183.96. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock has a market cap of $73.24 billion, a P/E ratio of 80.04 and a beta of 1.83. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business’s 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 earnings per share. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Transactions at DoorDash

In other news, General Counsel Tia Sherringham sold 2,743 shares of DoorDash stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares of the company’s stock, valued at $20,615,850.64. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of DoorDash stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the sale, the insider directly owned 81,106 shares in the company, valued at $12,599,006.04. This represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 68,558 shares of company stock valued at $10,914,640. Insiders own 5.83% of the company’s stock.

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.