Coatue Management Reduces $708M in DoorDash, Inc. ($DASH)
Key Points
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Coatue Management reduced its position in DoorDash, Inc. ($DASH) by 87.36% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 551,808 shares of DoorDash, Inc. after selling 3,813,557 shares during the quarter. Coatue Management's holdings in DoorDash, Inc. were worth $102.39 million as of its most recent filing.
DoorDash, Inc. Stock Down 21.6%
Shares of DoorDash, Inc. ($DASH) traded around $185.56 on Saturday, down 21.6% for the day.
DoorDash, Inc. Earnings
Analysts Set New Price Targets
About DoorDash, Inc.
DoorDash, Inc., together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and dashers in the United States and internationally. The company operates DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. It also offers consumer membership programs, DashPass, Wolt+, and Deliveroo Plus; advertising as a value-added service through its marketplaces; and white-label delivery fulfillment services, as well as services that help merchants establish online ordering, build branded mobile apps, manage reservations and in-store dining, manage consumer relationships, enable tableside order and pay, and improve customer support. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was founded in 2013 and is headquartered in San Francisco, California.
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