219,516 Shares in DoorDash, Inc. $DASH Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in DoorDash, Inc. (NASDAQ:DASH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 219,516 shares of the company’s stock, valued at approximately $32,960,000. DoorDash comprises about 0.6% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 4th largest holding.

Several other large investors have also modified their holdings of the business. Keel Point LLC raised its holdings in shares of DoorDash by 4.3% in the third quarter. Keel Point LLC now owns 1,393 shares of the company’s stock worth $379,000 after buying an additional 58 shares during the period. CYBER HORNET ETFs LLC lifted its stake in shares of DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after acquiring an additional 60 shares during the last quarter. Vise Technologies Inc. boosted its holdings in DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after acquiring an additional 63 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in DoorDash by 7.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 982 shares of the company’s stock valued at $222,000 after acquiring an additional 64 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the sale, the insider owned 81,106 shares of the company’s stock, valued at approximately $12,599,006.04. This represents a 3.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 582 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $177.06, for a total transaction of $103,048.92. Following the transaction, the director owned 31,156 shares in the company, valued at approximately $5,516,481.36. This represents a 1.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 42,707 shares of company stock worth $7,113,039. 5.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DASH has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their target price on DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Weiss Ratings upgraded shares of DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research note on Monday, June 22nd. Guggenheim reiterated a “buy” rating and set a $255.00 price objective on shares of DoorDash in a report on Tuesday, June 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $265.00 price objective on shares of DoorDash in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $256.11.

DoorDash Price Performance

DASH opened at $192.01 on Friday. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $165.79 and its 200-day simple moving average is $180.47. The company has a market capitalization of $83.66 billion, a price-to-earnings ratio of 91.43 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.41 earnings per share for the current fiscal year.

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.