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

Diversified Trust Co. reduced its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 78.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after purchasing an additional 303 shares in the last quarter. Empowered Funds LLC lifted its stake in DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after buying an additional 285 shares during the period. Sivia Capital Partners LLC lifted its stake in DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after buying an additional 2,049 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of DoorDash during the 2nd quarter worth approximately $707,000. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Down 3.5%

DASH opened at $146.60 on Friday. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The firm has a market capitalization of $63.69 billion, a PE ratio of 69.15 and a beta of 1.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The company’s 50-day moving average is $178.64 and its 200 day moving average is $216.46.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the completion of the sale, the chief operating officer owned 874,130 shares in the company, valued at approximately $178,838,256.70. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $222.52, for a total value of $6,675,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 167,317 shares of company stock valued at $35,720,931 over the last 90 days. Corporate insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Benchmark raised their price target on shares of DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. DA Davidson dropped their price objective on shares of DoorDash from $260.00 to $224.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Wolfe Research set a $270.00 price objective on shares of DoorDash in a research report on Monday, January 5th. Oppenheimer reduced their target price on DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $275.00 target price on shares of DoorDash in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $263.82.

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.