Hunting Hill Global Capital LLC Sells 5,000 Shares of DoorDash, Inc. $DASH

Hunting Hill Global Capital LLC cut its position in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 62.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,000 shares of the company’s stock after selling 5,000 shares during the quarter. Hunting Hill Global Capital LLC’s holdings in DoorDash were worth $679,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. IHT Wealth Management LLC bought a new position in shares of DoorDash during the fourth quarter worth about $233,000. Janus Henderson Group PLC grew its holdings in shares of DoorDash by 8.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,536,599 shares of the company’s stock worth $1,247,961,000 after buying an additional 427,031 shares in the last quarter. Evolve Private Wealth LLC bought a new position in shares of DoorDash during the fourth quarter worth about $415,000. Engineers Gate Manager LP grew its holdings in shares of DoorDash by 71.3% during the fourth quarter. Engineers Gate Manager LP now owns 64,728 shares of the company’s stock worth $14,660,000 after buying an additional 26,940 shares in the last quarter. Finally, Capital Impact Advisors LLC grew its holdings in shares of DoorDash by 165.6% during the fourth quarter. Capital Impact Advisors LLC now owns 150,345 shares of the company’s stock worth $34,050,000 after buying an additional 93,739 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Prabir Adarkar sold 21,739 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the sale, the chief operating officer directly owned 959,076 shares of the company’s stock, valued at $148,896,549. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the completion of the sale, the general counsel directly owned 128,216 shares of the company’s stock, valued at approximately $20,615,850.64. The trade was a 2.09% 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. Over the last three months, insiders sold 68,558 shares of company stock valued at $10,914,640. 5.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DASH shares. Truist Financial decreased their price objective on DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Argus set a $190.00 price objective on DoorDash in a report on Thursday, June 11th. Citigroup decreased their price objective on DoorDash from $280.00 to $250.00 and set a “buy” rating for the company in a report on Friday, May 8th. DA Davidson decreased their price objective on DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Finally, Evercore set a $300.00 price target on DoorDash in a research report on Thursday, February 19th. 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’s stock. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.11.

Get Our Latest Analysis on DoorDash

DoorDash News Roundup

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DoorDash Stock Performance

Shares of NASDAQ DASH opened at $165.66 on Thursday. The stock has a 50 day moving average price of $163.46 and a 200 day moving average price of $183.56. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $72.18 billion, a PE ratio of 78.89 and a beta of 1.83.

DoorDash (NASDAQ:DASHGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS 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 analysts’ expectations of $4.15 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. Analysts predict that DoorDash, Inc. will post 2.45 earnings per share for the current fiscal year.

About DoorDash

(Free Report)

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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