XTX Topco Ltd Has $602,000 Holdings in DoorDash, Inc. (NASDAQ:DASH)

XTX Topco Ltd reduced its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 86.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,220 shares of the company's stock after selling 27,934 shares during the period. XTX Topco Ltd's holdings in DoorDash were worth $602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its holdings in DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company's stock worth $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Marshall Wace LLP boosted its holdings in DoorDash by 930.5% in the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company's stock worth $73,534,000 after acquiring an additional 610,388 shares during the period. Forsta AP Fonden boosted its stake in shares of DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company's stock valued at $9,206,000 after buying an additional 10,100 shares during the last quarter. Baillie Gifford & Co. raised 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 valued at $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. Finally, CWM LLC increased its position in DoorDash by 97.1% in the third quarter. CWM LLC now owns 10,705 shares of the company's stock worth $1,528,000 after buying an additional 5,273 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of recent analyst reports. BTIG Research upgraded DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a research report on Thursday, September 19th. BMO Capital Markets increased their target price on DoorDash from $140.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Oppenheimer increased their target price on DoorDash from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, September 27th. Citigroup increased their price target on DoorDash from $155.00 to $211.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Keefe, Bruyette & Woods upgraded DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price target for the company in a research note on Wednesday, September 25th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $167.27.

DoorDash Trading Down 0.5 %

NASDAQ:DASH traded down $0.93 during mid-day trading on Friday, hitting $175.09. The company had a trading volume of 2,269,621 shares, compared to its average volume of 3,730,281. The business has a fifty day simple moving average of $164.21 and a 200-day simple moving average of $134.97. The firm has a market capitalization of $72.73 billion, a price-to-earnings ratio of -388.38, a PEG ratio of 13.56 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $93.33 and a 1 year high of $181.30.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.66 billion. During the same quarter in the previous year, the company earned ($0.19) earnings per share. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. As a group, research analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, October 14th. The shares were sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the transaction, the director now directly owns 18,089 shares of the company's stock, valued at $2,710,274.87. This trade represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 115,432 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $265,515. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 793,196 shares of company stock valued at $131,015,818. Insiders own 7.92% of the company's stock.

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.