Diversified Trust Co Purchases 2,514 Shares of DoorDash, Inc. (NASDAQ:DASH)

Diversified Trust Co boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 40.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,742 shares of the company’s stock after buying an additional 2,514 shares during the quarter. Diversified Trust Co’s holdings in DoorDash were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its position in shares of DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares during the period. Westside Investment Management Inc. boosted its holdings in DoorDash by 18.2% in the 4th quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after purchasing an additional 100 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of DoorDash by 1.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of DoorDash by 17.2% in the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after purchasing an additional 108 shares during the period. Finally, Signaturefd LLC raised its position in shares of DoorDash by 3.3% in the fourth quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock worth $378,000 after buying an additional 121 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shona L. Brown sold 1,712 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the sale, the director now directly owns 70,191 shares in the company, valued at $7,789,095.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 478,325 shares of company stock valued at $58,347,361. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Down 0.2 %

Shares of NASDAQ:DASH opened at $108.51 on Tuesday. The company has a 50-day moving average price of $115.23 and a 200-day moving average price of $117.40. The company has a market cap of $44.37 billion, a price-to-earnings ratio of -100.47, a price-to-earnings-growth ratio of 27.50 and a beta of 1.67. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $143.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the company posted ($0.41) EPS. DoorDash’s quarterly revenue was up 23.5% compared to the same quarter last year. As a group, research analysts forecast that DoorDash, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DASH. Citigroup boosted their target price on DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. BMO Capital Markets cut their price objective on DoorDash from $138.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Oppenheimer raised their target price on shares of DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Loop Capital started coverage on shares of DoorDash in a research note on Friday, April 19th. They issued a “buy” rating and a $170.00 price target for the company. Finally, Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of DoorDash in a research report on Thursday, May 2nd. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $134.79.

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.