WINTON GROUP Ltd Has $73.25 Million Stake in DoorDash, Inc. $DASH

WINTON GROUP Ltd increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 5,773.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 396,961 shares of the company’s stock after buying an additional 390,203 shares during the period. DoorDash comprises about 2.3% of WINTON GROUP Ltd’s holdings, making the stock its 3rd biggest position. WINTON GROUP Ltd owned about 0.09% of DoorDash worth $73,251,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new stake in shares of DoorDash during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. lifted its stake in DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. Swiss RE Ltd. bought a new position in DoorDash during the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new position in DoorDash during the fourth quarter valued at $32,000. Finally, Sunbelt Securities Inc. increased its position in DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DASH. BTIG Research reaffirmed a “buy” rating and set a $225.00 price target on shares of DoorDash in a research report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a research note on Friday, August 7th. Truist Financial upped their price objective on shares of DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Jefferies Financial Group increased their target price on shares of DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Argus set a $190.00 target price on shares of DoorDash in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $257.47.

Insider Activity

In other news, COO Prabir Adarkar sold 55,289 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $231.76, for a total value of $12,813,778.64. Following the sale, the chief operating officer directly owned 930,211 shares of the company’s stock, valued at approximately $215,585,701.36. This represents a 5.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Tony Xu sold 3,767 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $230.00, for a total transaction of $866,410.00. Following the transaction, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at approximately $345,000. This represents a 71.52% decrease in their position. 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. Over the last 90 days, insiders sold 399,553 shares of company stock valued at $87,034,140. 44.90% of the stock is currently owned by insiders.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Retail expansion: DoorDash is partnering with fashion brands including SKIMS and Windsor to deliver last-minute clothing and wardrobe items. The deals support DoorDash’s strategy of expanding beyond restaurant delivery, potentially increasing order frequency and broadening its addressable market. Windsor DoorDash partnership SKIMS DoorDash partnership
• Positive Sentiment: Technology and marketing visibility: DoorDash Labs was named Innovation Team of the Year, while a new Jameis Winston advertising campaign and football-season rewards promotion could support brand awareness and customer engagement. These developments are strategically favorable but have limited immediate earnings impact. DoorDash Labs award Jameis Winston DoorDash advertisement
• Neutral Sentiment: Human-interest coverage involving DoorDash orders, tipping and recipes is unlikely to materially affect the company’s financial outlook. Chicken recipes and DoorDash
• Negative Sentiment: Director Andy Fang sold 15,000 DASH shares for approximately $3.42 million at an average price of $228.31. Because the sale was executed under a pre-arranged Rule 10b5-1 plan, it is a weaker bearish signal, but it may still weigh on sentiment given the stock’s premium valuation. DoorDash director insider sale

DoorDash Price Performance

Shares of NASDAQ DASH opened at $197.24 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The stock has a market cap of $85.46 billion, a PE ratio of 103.27 and a beta of 1.79. The stock has a fifty day moving average of $204.83 and a 200-day moving average of $179.36.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities research analysts anticipate that DoorDash, Inc. will post 2.49 earnings per share for the current year.

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.