Icon Wealth Advisors LLC Sells 1,690 Shares of DoorDash, Inc. (NASDAQ:DASH)

Icon Wealth Advisors LLC decreased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 78.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 457 shares of the company’s stock after selling 1,690 shares during the quarter. Icon Wealth Advisors LLC’s holdings in DoorDash were worth $65,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DASH. Citigroup Inc. grew its position in shares of DoorDash by 6.6% in the 3rd quarter. Citigroup Inc. now owns 413,805 shares of the company’s stock valued at $59,062,000 after buying an additional 25,576 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of DoorDash in the third quarter worth approximately $216,000. Charles Schwab Investment Management Inc. boosted its holdings in DoorDash by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,341,660 shares of the company’s stock valued at $191,495,000 after acquiring an additional 88,025 shares during the last quarter. Banco Santander S.A. acquired a new stake in DoorDash during the 3rd quarter valued at approximately $666,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in DoorDash by 7.2% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 38,819 shares of the company’s stock worth $5,541,000 after purchasing an additional 2,602 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Susquehanna increased their price objective on shares of DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. DA Davidson lifted their price objective on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Roth Mkm upped their target price on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Evercore ISI raised their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada boosted their price target on DoorDash from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.03.

Insider Buying and Selling

In other news, Director Stanley Tang sold 1,855 shares of DoorDash stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the completion of the sale, the director now owns 35,413 shares in the company, valued at approximately $6,019,501.74. This trade represents a 4.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 54,166 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 547,753 shares of company stock valued at $84,544,996. 7.92% of the stock is owned by insiders.

DoorDash Stock Performance

DoorDash stock opened at $177.24 on Monday. The stock has a market cap of $73.62 billion, a PE ratio of -393.87, a price-to-earnings-growth ratio of 13.31 and a beta of 1.67. The firm’s 50-day simple moving average is $153.61 and its 200 day simple moving average is $129.08. DoorDash, Inc. has a fifty-two week low of $92.56 and a fifty-two week high of $178.16.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company posted ($0.19) earnings per share. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. As a group, 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.