Artisan Partners Limited Partnership Sells 107,742 Shares of DoorDash, Inc. $DASH

Artisan Partners Limited Partnership decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,196,481 shares of the company’s stock after selling 107,742 shares during the quarter. Artisan Partners Limited Partnership owned about 0.28% of DoorDash worth $294,945,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Saudi Central Bank bought a new position in DoorDash during the first quarter worth $25,000. WPG Advisers LLC bought a new stake in DoorDash during the first quarter valued at $26,000. Pacific Center for Financial Services acquired a new stake in DoorDash during the 1st quarter worth about $27,000. GFG Capital LLC bought a new position in shares of DoorDash in the 2nd quarter worth about $30,000. Finally, Harbour Investments Inc. lifted its stake in shares of DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after purchasing an additional 70 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

Shares of DASH stock opened at $202.32 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $251.35 and a two-hundred day simple moving average of $238.35. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50. The firm has a market capitalization of $87.20 billion, a PE ratio of 102.70 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. Analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on DASH. Morgan Stanley raised their target price on DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. reduced their price objective on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Mizuho dropped their target price on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Stifel Nicolaus cut their target price on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Finally, Susquehanna decreased their price target on shares of DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $276.94.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $243.31, for a total transaction of $11,048,707.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 30,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $243.32, for a total value of $7,299,600.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 499,707 shares of company stock worth $127,140,411 over the last 90 days. Company insiders own 5.83% of the company’s stock.

DoorDash 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.