Hunting Hill Global Capital LLC Has $679,000 Stake in DoorDash, Inc. $DASH

Hunting Hill Global Capital LLC trimmed its holdings in DoorDash, Inc. (NASDAQ:DASHFree Report) by 62.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,000 shares of the company’s stock after selling 5,000 shares during the period. Hunting Hill Global Capital LLC’s holdings in DoorDash were worth $679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC increased its stake in shares of DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after purchasing an additional 285 shares during the period. Sivia Capital Partners LLC increased its stake in shares of DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. bought a new position in shares of DoorDash during the second quarter worth approximately $222,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $160.79, for a total transaction of $441,046.97. Following the transaction, the general counsel owned 128,216 shares in the company, valued at $20,615,850.64. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the transaction, the insider owned 81,106 shares in the company, valued at approximately $12,599,006.04. This trade represents a 3.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,558 shares of company stock worth $10,914,640 in the last quarter. Insiders own 5.83% of the company’s stock.

Trending Headlines about DoorDash

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DoorDash Price Performance

DoorDash stock opened at $165.66 on Thursday. The stock’s fifty day moving average price is $163.46 and its two-hundred day moving average price is $183.56. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $72.18 billion, a PE ratio of 78.89 and a beta of 1.83.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the company earned $0.44 EPS. The company’s revenue was up 33.1% on a year-over-year basis. As a group, research analysts expect that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DASH. Barclays lowered their target price on DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 19th. Argus set a $190.00 target price on DoorDash in a research note on Thursday, June 11th. Citigroup lowered their target price on DoorDash from $280.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Piper Sandler lowered their target price on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Finally, DA Davidson lowered their target price on DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.11.

Check Out Our Latest Stock Analysis on DoorDash

DoorDash Company Profile

(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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