![]() ![]() That figure was $3952 million in DASH's case. View table here if you experience formatting issues.Īs you can see these stocks had an average of 46.4 hedge funds with bullish positions and the average amount invested in these stocks was $2225 million. ![]() This group of stocks' market caps are similar to DASH's market cap. (NASDAQ: PTON), and Vodafone Group Plc (NASDAQ: VOD). (NYSE: BX), NXP Semiconductors NV (NASDAQ: NXPI), Peloton Interactive, Inc. We will take a look at Capital One Financial Corp. Let's go over hedge fund activity in other stocks similar to DoorDash, Inc. The following funds were also among the new DASH investors: Christopher Lyle's SCGE Management, Lone Pine Capital, and Chase Coleman's Tiger Global Management LLC. Anand Desai's Darsana Capital Partners also made a $666.9 million investment in the stock during the quarter. Coatue Management had $1.2492 billion invested in the company at the end of the quarter. Coatue Management, managed by Philippe Laffont, initiated the most valuable position in DoorDash, Inc. That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.Īs aggregate interest increased, key hedge funds were breaking ground themselves. Our short strategy outperformed the S&P 500 short ETFs by 20 percentage points annually ( see the details here). Insider Monkey's monthly stock picks returned 197% since March 2017 and outperformed the S&P 500 ETFs by more than 124 percentage points. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. In the financial world there are a large number of tools investors have at their disposal to grade stocks. Our calculations also showed that DASH isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings). (NYSE: DASH) was in 38 hedge funds' portfolios at the end of December. The number of long hedge fund bets improved by 38 lately. Is DoorDash ( DASH) a good stock to buy now? The smart money was buying. In this article, we will take a closer look at hedge fund sentiment towards DoorDash, Inc. In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. Last year we predicted the arrival of the first US recession since 2009 and we told in advance that the market will decline by at least 20% in ( Recession is Imminent: We Need A Travel Ban NOW). ![]()
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