WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST Sells 300,000 Shares of DoorDash, Inc. (NASDAQ:DASH)

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST cut its position in DoorDash, Inc. (NASDAQ:DASH) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,000,000 shares of the company’s stock after selling 300,000 shares during the quarter. DoorDash makes up 5.0% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s investment portfolio, making the stock its 7th biggest holding. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST owned about 0.74% of DoorDash worth $413,160,000 at the end of the most recent quarter.

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

DoorDash Trading Down 0.2 %

Shares of DoorDash stock traded down $0.27 on Monday, reaching $108.51. 3,759,475 shares of the company were exchanged, compared to its average volume of 3,955,307. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $143.34. The firm has a market capitalization of $44.37 billion, a price-to-earnings ratio of -99.43, a price-to-earnings-growth ratio of 27.50 and a beta of 1.67. The stock has a fifty day moving average price of $115.60 and a 200-day moving average price of $117.35.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the company earned ($0.41) EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, equities analysts anticipate that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $141.60, for a total value of $99,120.00. Following the transaction, the director now owns 70,111 shares in the company, valued at approximately $9,927,717.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andy Fang sold 66,195 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $139.31, for a total value of $9,221,625.45. Following the transaction, the director now directly owns 36,482 shares of the company’s stock, valued at approximately $5,082,307.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the sale, the director now owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 478,325 shares of company stock worth $58,347,361. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $137.00 price target on shares of DoorDash in a report on Thursday, May 2nd. Oppenheimer increased their target price on DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Moffett Nathanson raised DoorDash from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $164.00 in a report on Thursday, April 11th. Truist Financial decreased their price objective on DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. raised their price objective on DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.79.

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.