Diversified Trust Co Has $2.73 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Diversified Trust Co lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 26.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,911 shares of the company's stock after purchasing an additional 3,162 shares during the period. Diversified Trust Co's holdings in DoorDash were worth $2,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. GeoWealth Management LLC increased its stake in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after purchasing an additional 51 shares during the period. IFP Advisors Inc increased its stake in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of DoorDash by 5.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after purchasing an additional 86 shares during the period. LVW Advisors LLC increased its stake in shares of DoorDash by 6.1% during the first quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after purchasing an additional 86 shares during the period. Finally, CVA Family Office LLC increased its stake in shares of DoorDash by 12.7% during the first quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after purchasing an additional 87 shares during the period. Institutional investors own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DASH shares. Oppenheimer reiterated a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Wedbush reiterated an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. DA Davidson lifted their price target on shares of DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price target on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price target on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $214.76.

DoorDash Trading Up 1.1%

NASDAQ DASH traded up $2.68 on Friday, hitting $242.32. 7,323,728 shares of the company's stock were exchanged, compared to its average volume of 4,213,649. The stock has a 50-day moving average of $206.04 and a 200-day moving average of $191.43. The stock has a market cap of $102.68 billion, a price-to-earnings ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $242.63.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.06) earnings per share. As a group, analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andy Fang sold 30,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the transaction, the director now owns 22,545 shares of the company's stock, valued at $4,903,988.40. This trade represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,552 shares of company stock worth $63,965,566. Corporate insiders own 5.83% of the company's stock.

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.