Lecap Asset Management Ltd. Has $792,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Lecap Asset Management Ltd. boosted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,280 shares of the company’s stock after acquiring an additional 541 shares during the quarter. Lecap Asset Management Ltd.’s holdings in DoorDash were worth $792,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in shares of DoorDash by 102.5% in the 4th quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock valued at $19,694,000 after purchasing an additional 100,787 shares during the period. Jupiter Asset Management Ltd. bought a new stake in DoorDash in the first quarter valued at $2,969,000. Bank of Nova Scotia raised its stake in DoorDash by 298.3% during the fourth quarter. Bank of Nova Scotia now owns 186,201 shares of the company’s stock worth $18,413,000 after acquiring an additional 139,450 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of DoorDash by 294.5% during the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock valued at $158,993,000 after acquiring an additional 1,200,181 shares during the period. Finally, D L Carlson Investment Group Inc. bought a new stake in shares of DoorDash in the 4th quarter worth about $2,421,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total value of $6,685,709.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total transaction of $6,685,709.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $110.47, for a total transaction of $773,290.00. Following the completion of the transaction, the chief financial officer now directly owns 441,851 shares of the company’s stock, valued at $48,811,279.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 518,187 shares of company stock worth $57,611,706. Corporate insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DASH. Truist Financial boosted their price target on shares of DoorDash from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wolfe Research started coverage on DoorDash in a report on Tuesday, July 16th. They issued an “outperform” rating and a $130.00 target price on the stock. JMP Securities raised their price target on DoorDash from $140.00 to $145.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Susquehanna boosted their price objective on DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. Finally, Redburn Atlantic began coverage on DoorDash in a research note on Friday, July 26th. They issued a “buy” rating and a $170.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.93.

DoorDash Stock Up 1.5 %

DoorDash stock traded up $1.91 during midday trading on Wednesday, hitting $129.45. 2,154,189 shares of the stock were exchanged, compared to its average volume of 4,116,193. The stock has a market capitalization of $52.93 billion, a PE ratio of -119.86, a P/E/G ratio of 40.25 and a beta of 1.67. The company has a fifty day simple moving average of $112.97 and a two-hundred day simple moving average of $120.13. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $143.34.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative return on equity of 6.00% and a negative net margin of 4.24%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the business earned ($0.44) earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash, Inc. will post 0.07 EPS for the current fiscal year.

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.