Y Intercept Hong Kong Ltd Takes Position in DoorDash, Inc. $DASH

Y Intercept Hong Kong Ltd bought a new stake in DoorDash, Inc. (NASDAQ:DASH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,716 shares of the company’s stock, valued at approximately $916,000.

A number of other institutional investors have also recently modified their holdings of DASH. Saudi Central Bank purchased a new stake in shares of DoorDash in the first quarter valued at approximately $25,000. WPG Advisers LLC purchased a new stake in shares of DoorDash in the first quarter valued at approximately $26,000. Pacific Center for Financial Services purchased a new stake in shares of DoorDash in the first quarter valued at approximately $27,000. GFG Capital LLC purchased a new stake in shares of DoorDash in the second quarter valued at approximately $30,000. Finally, Harbour Investments Inc. boosted its stake in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after buying an additional 70 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 24,968 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total transaction of $6,799,285.76. Following the sale, the chief operating officer owned 909,579 shares of the company’s stock, valued at $247,696,553.28. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $268.23, for a total value of $12,180,324.30. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 852,704 shares of company stock valued at $213,921,205. 5.83% of the stock is owned by company insiders.

DoorDash Stock Down 0.9%

DASH opened at $239.93 on Wednesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The firm has a market cap of $102.50 billion, a P/E ratio of 133.30 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The business’s fifty day simple moving average is $260.74 and its 200 day simple moving average is $237.29.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.38) earnings per share. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wall Street Zen downgraded DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets upped their target price on DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Evercore ISI reissued an “outperform” rating and issued a $360.00 target price (up previously from $240.00) on shares of DoorDash in a report on Friday, August 8th. JMP Securities upped their target price on DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada upped their target price on DoorDash from $230.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.03.

About DoorDash

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.