DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Soros Fund Management LLC

Soros Fund Management LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 196,995 shares of the company’s stock after acquiring an additional 1,920 shares during the quarter. Soros Fund Management LLC’s holdings in DoorDash were worth $28,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DASH. Brighton Jones LLC lifted its holdings in shares of DoorDash by 0.8% during the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after purchasing an additional 82 shares during the period. Everhart Financial Group Inc. boosted its holdings in DoorDash by 3.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after purchasing an additional 99 shares in the last quarter. E Fund Management Co. Ltd. increased its position in DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after purchasing an additional 111 shares during the period. SJS Investment Consulting Inc. raised its stake in shares of DoorDash by 21.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after buying an additional 117 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH opened at $175.89 on Friday. The company has a market capitalization of $73.06 billion, a P/E ratio of -390.87, a P/E/G ratio of 13.54 and a beta of 1.70. The stock’s 50 day moving average price is $160.19 and its 200 day moving average price is $132.46. DoorDash, Inc. has a 52 week low of $93.33 and a 52 week high of $181.30.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) EPS. As a group, sell-side analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DASH shares. Wells Fargo & Company boosted their target price on shares of DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 4th. Oppenheimer increased their target price on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Jefferies Financial Group upped their target price on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Barclays increased their price target on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.06.

Insider Activity

In other DoorDash news, Director Stanley Tang sold 50,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $176.88, for a total value of $8,844,000.00. Following the completion of the sale, the director now directly owns 35,413 shares of the company’s stock, valued at $6,263,851.44. This represents a 58.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 838,722 shares of company stock valued at $136,732,309. Insiders own 7.92% of the company’s stock.

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.