Atomi Financial Group Inc. Cuts Stake in DoorDash, Inc. (NASDAQ:DASH)

Atomi Financial Group Inc. reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,778 shares of the company's stock after selling 4,455 shares during the quarter. Atomi Financial Group Inc.'s holdings in DoorDash were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its position in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. State Street Corp lifted its position in DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company's stock worth $1,055,616,000 after buying an additional 272,659 shares during the last quarter. Janus Henderson Group PLC lifted its position in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock worth $789,766,000 after buying an additional 700,465 shares during the last quarter. Geode Capital Management LLC lifted its position in DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company's stock worth $636,652,000 after buying an additional 267,855 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock worth $570,135,000 after buying an additional 501,905 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DASH shares. Argus upgraded DoorDash from a "hold" rating to a "buy" rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their target price on DoorDash from $161.00 to $192.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Benchmark lifted their target price on DoorDash from $152.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Evercore ISI lifted their target price on DoorDash from $155.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their target price on DoorDash from $175.00 to $215.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.97.

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Read Our Latest Research Report on DASH

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares of the company's stock, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 108,332 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,019,333 shares of company stock valued at $177,556,541. 7.92% of the stock is owned by company insiders.

DoorDash Price Performance

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NASDAQ:DASH opened at $183.13 on Friday. The firm has a market capitalization of $76.07 billion, a P/E ratio of -406.96, a PEG ratio of 1.88 and a beta of 1.71. The company's fifty day moving average price is $173.85 and its 200-day moving average price is $147.67. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $183.48.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business posted ($0.19) EPS. The company's revenue was up 25.0% on a year-over-year basis. Equities analysts anticipate that DoorDash, Inc. will post 0.27 EPS for the current fiscal year.

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.

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