DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC decreased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,755 shares of the company’s stock after selling 495 shares during the quarter. Angeles Investment Advisors LLC’s holdings in DoorDash were worth $393,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its position in shares of DoorDash by 10.6% during the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares during the period. Marshall Wace LLP increased its stake in DoorDash by 930.5% in the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock worth $73,534,000 after purchasing an additional 610,388 shares in the last quarter. Forsta AP Fonden raised its holdings in DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after buying an additional 10,100 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in DoorDash during the first quarter valued at about $2,969,000. Finally, CWM LLC boosted its holdings in shares of DoorDash by 97.1% in the third quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after buying an additional 5,273 shares during the period. Institutional investors own 90.64% of the company’s stock.

Insider Activity

In related news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Prabir Adarkar sold 32,124 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the completion of the transaction, the chief operating officer now owns 963,094 shares in the company, valued at approximately $142,528,281.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 324,539 shares of company stock valued at $46,439,330. Insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Susquehanna boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Piper Sandler increased their target price on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Evercore ISI raised their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Mizuho increased their price objective on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley lifted their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.03.

DoorDash Stock Performance

DASH traded up $0.94 during midday trading on Wednesday, reaching $177.43. The company’s stock had a trading volume of 310,670 shares, compared to its average volume of 3,813,978. The company has a fifty day simple moving average of $146.13 and a 200 day simple moving average of $126.06. DoorDash, Inc. has a twelve month low of $90.87 and a twelve month high of $177.88.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data 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 return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the business earned ($0.19) earnings per share. DoorDash’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that DoorDash, Inc. will post 0.24 earnings per share for the current year.

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.