Ellevest Inc. Sells 2,074 Shares of DoorDash, Inc. (NASDAQ:DASH)

Ellevest Inc. cut its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,637 shares of the company's stock after selling 2,074 shares during the quarter. Ellevest Inc.'s holdings in DoorDash were worth $1,784,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DASH. Ensign Peak Advisors Inc grew its stake in shares of DoorDash by 4.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 329,666 shares of the company's stock valued at $55,301,000 after acquiring an additional 14,057 shares in the last quarter. Ethic Inc. grew its stake in shares of DoorDash by 1.2% during the fourth quarter. Ethic Inc. now owns 34,997 shares of the company's stock valued at $5,871,000 after acquiring an additional 421 shares in the last quarter. Deutsche Bank AG grew its stake in shares of DoorDash by 15.0% during the fourth quarter. Deutsche Bank AG now owns 950,968 shares of the company's stock valued at $159,525,000 after acquiring an additional 124,382 shares in the last quarter. Durable Capital Partners LP acquired a new stake in shares of DoorDash during the fourth quarter valued at about $38,172,000. Finally, Concentric Capital Strategies LP acquired a new stake in shares of DoorDash during the fourth quarter valued at about $1,320,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 20,161 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $4,101,755.45. Following the transaction, the chief operating officer now directly owns 905,061 shares of the company's stock, valued at approximately $184,134,660.45. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 12,088 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the transaction, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock valued at $30,407,073 in the last three months. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Up 4.7%

NASDAQ:DASH traded up $8.58 during trading hours on Monday, hitting $192.10. 4,916,842 shares of the stock traded hands, compared to its average volume of 4,181,154. The firm has a 50 day moving average price of $184.56 and a 200 day moving average price of $181.30. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The firm has a market cap of $80.70 billion, a price-to-earnings ratio of 711.48 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned ($0.06) EPS. The company's revenue was up 20.7% on a year-over-year basis. Research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on DASH shares. Truist Financial boosted their price objective on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. DA Davidson upped their target price on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Wells Fargo & Company lowered their target price on DoorDash from $201.00 to $198.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $210.00 target price on shares of DoorDash in a report on Wednesday, May 7th. Finally, Roth Capital set a $191.00 price objective on DoorDash and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. Based on data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and an average target price of $209.97.

DoorDash Company 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.