Diversified Trust Co Increases Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Diversified Trust Co lifted its position in DoorDash, Inc. (NASDAQ:DASH) by 34.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,749 shares of the company’s stock after purchasing an additional 2,978 shares during the quarter. Diversified Trust Co’s holdings in DoorDash were worth $1,971,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter. State Street Corp grew its holdings in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after purchasing an additional 272,659 shares in the last quarter. Janus Henderson Group PLC increased its position in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Geode Capital Management LLC raised its stake in DoorDash by 6.4% during the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after purchasing an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after purchasing an additional 501,905 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Trading Down 2.9 %

DASH opened at $170.00 on Wednesday. The firm has a market cap of $70.62 billion, a price-to-earnings ratio of -377.78, a PEG ratio of 13.56 and a beta of 1.71. DoorDash, Inc. has a 12 month low of $96.74 and a 12 month high of $181.78. The stock has a fifty day moving average price of $172.09 and a 200-day moving average price of $142.78.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the company posted ($0.19) earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. On average, equities research analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current year.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 108,334 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $270,105. The trade was a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley Tang sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $170.34, for a total transaction of $8,517,000.00. Following the transaction, the director now owns 35,413 shares in the company, valued at approximately $6,032,250.42. This trade represents a 58.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,082,694 shares of company stock valued at $183,152,786 over the last 90 days. Insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DASH. Citigroup boosted their target price on shares of DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, September 19th. The Goldman Sachs Group raised their price objective on DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. UBS Group boosted their target price on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Barclays raised their price target on DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.42.

About DoorDash

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.