Rockefeller Capital Management L.P. Has $4.78 Million Holdings in DoorDash, Inc. $DASH

by · The Cerbat Gem

Rockefeller Capital Management L.P. lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) by 29.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,396 shares of the company’s stock after selling 8,220 shares during the period. Rockefeller Capital Management L.P.’s holdings in DoorDash were worth $4,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GFG Capital LLC bought a new stake in DoorDash during the second quarter worth about $30,000. Saudi Central Bank acquired a new position in DoorDash during the 1st quarter worth about $25,000. WPG Advisers LLC acquired a new stake in DoorDash in the 1st quarter valued at about $26,000. Pacific Center for Financial Services acquired a new position in shares of DoorDash during the first quarter worth approximately $27,000. Finally, Harbour Investments Inc. increased its holdings 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 purchasing an additional 70 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Up 1.0%

DoorDash stock opened at $189.63 on Friday. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50. The stock has a market cap of $81.73 billion, a P/E ratio of 96.26 and a beta of 1.70. The company’s 50-day moving average price is $248.53 and its two-hundred day moving average price is $237.89. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

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

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent research reports. Bank of America dropped their price target on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. DA Davidson reiterated a “neutral” rating and issued a $260.00 price target on shares of DoorDash in a research report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald lowered their target price on DoorDash from $330.00 to $270.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.62.

Get Our Latest Analysis on DoorDash

Insiders Place Their Bets

In related news, COO Prabir Adarkar sold 24,968 shares of the business’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total value of $6,799,285.76. Following the completion of the transaction, the chief operating officer owned 909,579 shares of the company’s stock, valued at $247,696,553.28. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total transaction of $11,097,749.90. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 499,707 shares of company stock valued at $127,140,411 in the last quarter. Company insiders own 5.83% of the company’s stock.

DoorDash Company Profile

(Free Report)

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.

Further Reading

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