Steadview Capital Management LLC Has $56.64 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Steadview Capital Management LLC lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 38.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 572,740 shares of the company’s stock after purchasing an additional 160,500 shares during the quarter. DoorDash accounts for approximately 19.4% of Steadview Capital Management LLC’s holdings, making the stock its 2nd largest position. Steadview Capital Management LLC owned approximately 0.14% of DoorDash worth $56,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SJS Investment Consulting Inc. boosted its stake in DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares in the last quarter. Westside Investment Management Inc. boosted its stake in DoorDash by 18.2% during the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC boosted its stake in DoorDash by 3.3% during the fourth quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock valued at $378,000 after buying an additional 121 shares in the last quarter. Mackenzie Financial Corp boosted its stake in DoorDash by 1.3% during the third quarter. Mackenzie Financial Corp now owns 11,022 shares of the company’s stock valued at $851,000 after buying an additional 145 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in DoorDash by 5.2% during the third quarter. Yousif Capital Management LLC now owns 2,920 shares of the company’s stock valued at $232,000 after buying an additional 145 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 0.4 %

Shares of DASH traded down $0.50 during midday trading on Friday, reaching $113.81. 6,210,790 shares of the stock were exchanged, compared to its average volume of 4,293,060. DoorDash, Inc. has a 12-month low of $60.36 and a 12-month high of $143.34. The firm has a 50 day simple moving average of $131.86 and a 200-day simple moving average of $110.13. The company has a market cap of $45.98 billion, a price-to-earnings ratio of -105.38, a P/E/G ratio of 13.13 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the business earned ($0.41) EPS. The business’s quarterly revenue was up 23.5% on a year-over-year basis. Research analysts expect that DoorDash, Inc. will post 0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DASH has been the subject of several research reports. Moffett Nathanson raised DoorDash from a “neutral” rating to a “buy” rating and raised their target price for the company from $118.00 to $164.00 in a research note on Thursday, April 11th. Jefferies Financial Group raised DoorDash from a “hold” rating to a “buy” rating and upped their target price for the company from $90.00 to $130.00 in a report on Monday, January 8th. Truist Financial reduced their target price on DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a report on Thursday. JMP Securities reduced their target price on DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on DoorDash from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.96.

Insider Activity

In other news, CAO Gordon S. Lee sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $124.50, for a total transaction of $124,500.00. Following the transaction, the chief accounting officer now owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total transaction of $916,650.00. Following the transaction, the chief financial officer now owns 384,425 shares of the company’s stock, valued at approximately $50,340,453.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Gordon S. Lee sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now directly owns 92,207 shares in the company, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 487,782 shares of company stock valued at $64,046,807. Insiders own 9.59% of the company’s stock.

About DoorDash

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.