Atika Capital Management LLC Grows Position in DoorDash, Inc. $DASH

Atika Capital Management LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,785 shares of the company’s stock after purchasing an additional 2,385 shares during the quarter. DoorDash accounts for approximately 2.1% of Atika Capital Management LLC’s portfolio, making the stock its 13th biggest position. Atika Capital Management LLC’s holdings in DoorDash were worth $15,131,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DASH. Harbour Investments Inc. increased its position in shares of DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after acquiring an additional 70 shares during the last quarter. SouthState Corp boosted its position in shares of DoorDash by 762.5% during the 1st quarter. SouthState Corp now owns 207 shares of the company’s stock worth $38,000 after purchasing an additional 183 shares during the period. ORG Partners LLC increased its holdings in DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company’s stock valued at $46,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC raised its position in DoorDash by 1,452.9% in the first quarter. Rothschild Investment LLC now owns 264 shares of the company’s stock valued at $48,000 after purchasing an additional 247 shares during the period. Finally, Mizuho Securities Co. Ltd. raised its position in DoorDash by 150.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company’s stock valued at $55,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein increased their target price on DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Wall Street Zen upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Citigroup reissued an “outperform” rating on shares of DoorDash in a research note on Thursday, August 7th. Stifel Nicolaus lifted their price objective on shares of DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Finally, Loop Capital reiterated a “buy” rating on shares of DoorDash in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $263.88.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 51,250 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $255.89, for a total value of $13,114,362.50. Following the completion of the transaction, the chief executive officer owned 520,450 shares in the company, valued at approximately $133,177,950.50. This represents a 8.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the sale, the director owned 22,545 shares in the company, valued at $6,216,558.30. This represents a 68.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 688,999 shares of company stock valued at $163,218,226. 5.83% of the stock is owned by company insiders.

DoorDash Stock Down 1.8%

DASH stock opened at $243.82 on Thursday. The company’s 50 day moving average price is $241.79 and its 200 day moving average price is $210.18. The firm has a market capitalization of $104.16 billion, a price-to-earnings ratio of 135.46 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $122.32 and a fifty-two week high of $278.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business posted ($0.38) EPS. The firm’s revenue was up 24.9% on a year-over-year basis. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

DoorDash 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.