Occudo Quantitative Strategies LP Has $4.01 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Occudo Quantitative Strategies LP lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 34.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,899 shares of the company’s stock after purchasing an additional 6,188 shares during the quarter. DoorDash makes up about 0.7% of Occudo Quantitative Strategies LP’s holdings, making the stock its 15th biggest position. Occudo Quantitative Strategies LP’s holdings in DoorDash were worth $4,009,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DASH. OMERS ADMINISTRATION Corp grew its stake in DoorDash by 24.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 11,183 shares of the company’s stock valued at $1,876,000 after buying an additional 2,174 shares during the last quarter. Napa Wealth Management acquired a new position in DoorDash in the 4th quarter valued at $2,527,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in DoorDash by 7.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 306,202 shares of the company’s stock valued at $51,365,000 after buying an additional 20,075 shares during the last quarter. Moore Capital Management LP grew its stake in DoorDash by 501.5% in the 4th quarter. Moore Capital Management LP now owns 127,627 shares of the company’s stock valued at $21,409,000 after buying an additional 106,409 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in DoorDash by 126.0% in the 4th quarter. Lazard Asset Management LLC now owns 24,395 shares of the company’s stock valued at $4,091,000 after buying an additional 13,599 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DASH shares. The Goldman Sachs Group increased their price target on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Susquehanna raised their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Evercore ISI reaffirmed an “outperform” rating on shares of DoorDash in a report on Monday, March 10th. FBN Securities assumed coverage on shares of DoorDash in a report on Friday, March 28th. They set an “outperform” rating and a $230.00 price objective for the company. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $209.97.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. This trade represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the transaction, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock valued at $30,407,073 over the last three months. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Stock Performance

Shares of DASH stock opened at $192.10 on Tuesday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The stock has a market cap of $80.70 billion, a PE ratio of 711.48 and a beta of 1.68. The firm’s 50 day moving average price is $184.56 and its two-hundred day moving average price is $181.30.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm earned ($0.06) earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.