Diversified Trust Co Has $2.18 Million Position in DoorDash, Inc. $DASH

Diversified Trust Co cut its position in DoorDash, Inc. (NASDAQ:DASH) by 26.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DASH. LVW Advisors LLC raised its holdings in DoorDash by 21.0% in the 3rd quarter. LVW Advisors LLC now owns 1,891 shares of the company’s stock valued at $514,000 after buying an additional 328 shares during the last quarter. waypoint wealth counsel increased its position in DoorDash by 4.5% in the 3rd quarter. waypoint wealth counsel now owns 2,191 shares of the company’s stock valued at $596,000 after acquiring an additional 95 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in DoorDash by 39.0% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 33,583 shares of the company’s stock valued at $9,134,000 after acquiring an additional 9,427 shares during the period. Retireful LLC bought a new position in shares of DoorDash during the third quarter valued at $344,000. Finally, Traveka Wealth LLC acquired a new position in shares of DoorDash during the third quarter worth $207,000. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $205.07, for a total transaction of $9,312,228.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alfred Lin acquired 389,047 shares of DoorDash stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price of $193.81 per share, with a total value of $75,401,199.07. Following the completion of the acquisition, the director directly owned 389,047 shares of the company’s stock, valued at approximately $75,401,199.07. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 552,071 shares of company stock worth $116,812,955 over the last quarter. Corporate insiders own 5.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. DA Davidson reiterated a “neutral” rating and issued a $260.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Mizuho decreased their price target on DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Wedbush lifted their price objective on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Finally, KeyCorp reissued an “overweight” rating and set a $280.00 target price on shares of DoorDash in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $275.74.

DoorDash Stock Down 1.2%

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

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

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.