5 E-commerce and Tech Stocks to Buy Now According to Christopher Lyle’s SCGE Management

4. DoorDash, Inc. (NYSE:DASH)

Lyle’s Stake Value: $763,986,000
Percentage of Christopher Brown Lyle’s 13F Portfolio: 7.15%
Number of Hedge Fund Holders: 45

DoorDash Inc. (NYSE: DASH) is a US-based online food ordering and delivery platform. With a 56% market share, it emerges as the largest food delivery company in the United States. Christopher Lyle’s SCGE Management holds 4.3 million shares in DoorDash, Inc. (NYSE: DASH) worth $764 million. The investment forms 7.15% of the hedge fund’s portfolio, meriting its inclusion in the list of 10 e-commerce and tech stocks to buy now according to Christopher Lyle SCGE Management.

DoorDash, Inc. (NYSE: DASH) witnessed a bullish sentiment. As of the second quarter of 2021, 45 hedge funds in Insider Monkey’s database of 873 funds held stakes in DASH, compared to 38 funds in the first quarter. DoorDash, Inc. (NYSE: DASH) has also shown stronger than expected revenues over Q2 2021 with sales rising 83% year-over-year to about $1.2 billion. However, the company missed the EPS estimate by $0.02 for the second quarter of 2021.