Diversified Trust Co Sells 2,867 Shares of DoorDash, Inc. $DASH

Diversified Trust Co lessened its stake in DoorDash, Inc. (NASDAQ:DASH) by 26.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,009 shares of the company’s stock after selling 2,867 shares during the quarter. Diversified Trust Co’s holdings in DoorDash were worth $2,178,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DASH. Brighton Jones LLC raised its position in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of DoorDash by 17.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,469 shares of the company’s stock worth $451,000 after acquiring an additional 370 shares in the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of DoorDash in the first quarter valued at about $422,000. Evergreen Capital Management LLC raised its holdings in shares of DoorDash by 32.7% in the first quarter. Evergreen Capital Management LLC now owns 2,326 shares of the company’s stock valued at $425,000 after purchasing an additional 573 shares during the last quarter. Finally, Quarry LP bought a new position in shares of DoorDash during the first quarter valued at about $64,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America reduced their price objective on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Truist Financial upped their target price on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Guggenheim reiterated a “buy” rating and set a $280.00 price target on shares of DoorDash in a report on Wednesday, November 19th. Argus cut their price objective on DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. Finally, Wedbush raised their target price on DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $275.74.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 30,000 shares of DoorDash stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $234.57, for a total transaction of $7,037,100.00. Following the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at approximately $205,044,674.10. The trade was a 3.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 552,071 shares of company stock worth $116,812,955. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

NASDAQ DASH opened at $228.13 on Wednesday. The firm has a market cap of $98.32 billion, a P/E ratio of 115.80 and a beta of 1.72. The company’s 50 day moving average is $223.01 and its 200-day moving average is $241.42. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29.

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

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.