DoorDash, Inc. $DASH Shares Sold by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA trimmed its stake in DoorDash, Inc. (NASDAQ:DASH) by 26.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,078 shares of the company’s stock after selling 4,280 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in DoorDash were worth $1,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of DoorDash by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after buying an additional 713,571 shares during the period. SC US Ttgp LTD. grew its stake in DoorDash by 1.6% in the 4th quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock worth $7,176,387,000 after acquiring an additional 506,358 shares during the period. Morgan Stanley grew its stake in DoorDash by 2.3% in the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock worth $3,971,741,000 after acquiring an additional 391,596 shares during the period. State Street Corp raised its holdings in DoorDash by 3.0% in the 4th quarter. State Street Corp now owns 15,761,072 shares of the company’s stock valued at $3,569,568,000 after acquiring an additional 464,448 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock valued at $3,161,234,000 after acquiring an additional 3,447,754 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Zacks Research lowered DoorDash from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Piper Sandler decreased their price target on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Argus set a $190.00 price target on DoorDash in a report on Thursday, June 11th. Stifel Nicolaus dropped their price objective on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Wedbush started coverage on shares of DoorDash in a report on Thursday, July 16th. They set a “neutral” rating and a $205.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.89.

DoorDash Stock Performance

Shares of DASH opened at $172.91 on Monday. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The stock’s 50-day moving average is $172.22 and its two-hundred day moving average is $175.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $75.34 billion, a PE ratio of 82.34 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its earnings results 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. The business 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 business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. Equities analysts forecast that DoorDash, Inc. will post 2.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of DoorDash stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $191.19, for a total transaction of $4,421,268.75. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 74,927 shares of company stock valued at $13,241,532. 5.83% of the stock is owned by company insiders.

DoorDash Profile

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.