Brown Advisory Inc. Sells 17,510 Shares of DoorDash, Inc. $DASH

Brown Advisory Inc. cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 34.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,022 shares of the company’s stock after selling 17,510 shares during the quarter. Brown Advisory Inc.’s holdings in DoorDash were worth $8,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. lifted its stake in shares of DoorDash by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares during the period. Perigon Wealth Management LLC lifted its stake in DoorDash by 1.3% in the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after buying an additional 46 shares during the period. Advisory Resource Group lifted its stake in DoorDash by 0.8% in the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after buying an additional 48 shares during the period. Yeomans Consulting Group Inc. boosted its holdings in DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after buying an additional 51 shares during the last quarter. Finally, Palo Alto Wealth Advisors LLC grew its position in shares of DoorDash by 0.4% during the 1st quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock worth $2,385,000 after buying an additional 54 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. KeyCorp reiterated an “overweight” rating and issued a $280.00 price target on shares of DoorDash in a research report on Friday, November 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 target price on shares of DoorDash in a research note on Thursday, November 6th. Stifel Nicolaus reduced their price target on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Susquehanna decreased their price target on shares of DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a report on Friday, November 7th. Finally, Barclays dropped their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $275.62.

DoorDash Stock Performance

Shares of DoorDash stock opened at $225.43 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $97.16 billion, a price-to-earnings ratio of 114.43 and a beta of 1.72. The stock’s 50-day moving average is $236.35 and its 200-day moving average is $239.54. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Equities analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andy Fang sold 25,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $204.95, for a total value of $5,123,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 24,489 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $187.36, for a total transaction of $4,588,259.04. Following the sale, the chief operating officer directly owned 874,130 shares in the company, valued at $163,776,996.80. This trade represents a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 679,563 shares of company stock valued at $152,902,593 over the last ninety days. Insiders own 5.83% of the company’s stock.

DoorDash Company 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.