WINTON GROUP Ltd Buys New Stake in DoorDash, Inc. $DASH

WINTON GROUP Ltd bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 67,497 shares of the company’s stock, valued at approximately $15,287,000. DoorDash makes up 0.5% of WINTON GROUP Ltd’s portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in DASH. Norges Bank acquired a new position in shares of DoorDash during the 4th quarter valued at $1,093,650,000. Vanguard Group Inc. lifted its holdings in shares of DoorDash by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after acquiring an additional 1,522,823 shares in the last quarter. Scge Management L.P. acquired a new position in DoorDash in the 2nd quarter worth $267,463,000. Invesco Ltd. lifted its holdings in DoorDash by 18.2% in the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after buying an additional 980,148 shares in the last quarter. Finally, State Street Corp lifted its holdings in DoorDash by 6.3% in the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock worth $4,160,529,000 after buying an additional 909,125 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DASH opened at $156.80 on Friday. The company has a 50-day moving average of $162.40 and a 200-day moving average of $185.84. The company has a market capitalization of $68.32 billion, a P/E ratio of 74.67 and a beta of 1.83. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities analysts expect that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the sale, the director owned 19,279 shares of the company’s stock, valued at $2,891,850. This represents a 52.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $160.79, for a total transaction of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. This represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 69,808 shares of company stock worth $11,135,403. 5.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DASH shares. Guggenheim cut their price objective on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Benchmark boosted their price objective on shares of DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Cantor Fitzgerald cut their price objective on shares of DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. KeyCorp boosted their price objective on shares of DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, Citizens Jmp cut their price objective on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating on the stock in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $259.58.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.