DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Diversified Trust Co

Diversified Trust Co raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 34.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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.

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

Wall Street Analyst Weigh In

Several research firms have commented on DASH. KeyCorp upped their price target on shares of DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Susquehanna upped their target price on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Evercore ISI boosted their price target on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Truist Financial raised their price objective on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group boosted their target price on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.42.

Insider Activity

In related news, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $143.76, for a total value of $7,188,000.00. Following the transaction, the director now owns 18,089 shares of the company’s stock, valued at $2,600,474.64. This trade represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,082,694 shares of company stock valued at $183,152,786. 7.92% of the stock is currently owned by company insiders.

DoorDash Stock Performance

Shares of DoorDash stock opened at $170.00 on Wednesday. The business’s 50 day moving average price is $172.09 and its 200 day moving average price is $142.78. The company 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 one year low of $96.74 and a one year high of $181.78.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the company posted ($0.19) EPS. The company’s revenue was up 25.0% compared to the same quarter last year. On average, analysts predict that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

DoorDash Profile

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.