Diversified Trust Co. Sells 6,266 Shares of DoorDash, Inc. $DASH

Diversified Trust Co. decreased its position in DoorDash, Inc. (NASDAQ:DASH) by 78.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,743 shares of the company’s stock after selling 6,266 shares during the period. Diversified Trust Co.’s holdings in DoorDash were worth $395,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of DASH. Norges Bank bought a new position in shares of DoorDash in the second quarter valued at approximately $1,185,576,000. Vanguard Group Inc. increased its position in shares of DoorDash by 3.7% during the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after acquiring an additional 1,522,823 shares during the last quarter. Scge Management L.P. bought a new stake in DoorDash during the second quarter worth $267,463,000. Invesco Ltd. boosted its position in DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after purchasing an additional 980,148 shares during the last quarter. Finally, Ninety One UK Ltd purchased a new position in DoorDash in the third quarter worth $259,154,000. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the subject of several research analyst reports. Oppenheimer decreased their target price on DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Evercore set a $300.00 price target on shares of DoorDash in a research report on Thursday, February 19th. BNP Paribas Exane began coverage on shares of DoorDash in a report on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price objective for the company. Argus lowered their price objective on shares of 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 boosted their target price on shares of DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $263.82.

DoorDash Stock Down 3.5%

DASH stock opened at $146.60 on Friday. The stock has a fifty day moving average of $178.64 and a 200-day moving average of $216.46. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a market capitalization of $63.69 billion, a price-to-earnings ratio of 69.15 and a beta of 1.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. DoorDash’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $209.01, for a total transaction of $9,491,144.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the transaction, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at approximately $134,119,491.66. This trade represents a 1.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 167,317 shares of company stock valued at $35,720,931. Corporate insiders own 5.83% of the company’s stock.

About DoorDash

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.