Qsemble Capital Management LP Has $1.95 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Qsemble Capital Management LP reduced its position in DoorDash, Inc. (NASDAQ:DASH) by 45.5% during the third quarter, HoldingsChannel reports. The firm owned 13,644 shares of the company’s stock after selling 11,387 shares during the period. Qsemble Capital Management LP’s holdings in DoorDash were worth $1,947,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Dragoneer Investment Group LLC grew its position in DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after purchasing an additional 1,246,567 shares during the period. Renaissance Technologies LLC raised its holdings in DoorDash by 16.4% during the second quarter. Renaissance Technologies LLC now owns 2,787,843 shares of the company’s stock worth $303,262,000 after buying an additional 392,300 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of DoorDash by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 1,387,113 shares of the company’s stock valued at $150,890,000 after buying an additional 188,612 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of DoorDash by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,341,660 shares of the company’s stock worth $191,495,000 after acquiring an additional 88,025 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the sale, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. The trade was a 73.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 547,753 shares of company stock worth $84,544,996 in the last 90 days. 7.92% of the stock is owned by company insiders.

DoorDash Stock Performance

DoorDash stock opened at $179.10 on Tuesday. DoorDash, Inc. has a fifty-two week low of $92.56 and a fifty-two week high of $179.13. The firm’s fifty day moving average price is $154.57 and its 200-day moving average price is $129.52. The stock has a market cap of $74.40 billion, a P/E ratio of -398.00, a price-to-earnings-growth ratio of 13.63 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. DoorDash’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. On average, analysts predict that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group raised their price target on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Piper Sandler increased their price target on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Raymond James started coverage on shares of DoorDash in a report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 target price for the company. Mizuho increased their price objective on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays lifted their target price on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.03.

DoorDash Company Profile

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.