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

Angeles Investment Advisors LLC reduced its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,755 shares of the company’s stock after selling 495 shares during the period. Angeles Investment Advisors LLC’s holdings in DoorDash were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DASH. Empower Advisory Group LLC grew its stake in DoorDash by 25.3% during the 3rd quarter. Empower Advisory Group LLC now owns 57,486 shares of the company’s stock worth $8,205,000 after purchasing an additional 11,616 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of DoorDash by 16.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 782,929 shares of the company’s stock valued at $111,747,000 after buying an additional 111,846 shares during the period. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of DoorDash by 93.2% during the third quarter. GSA Capital Partners LLP now owns 7,690 shares of the company’s stock worth $1,098,000 after buying an additional 3,710 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Prabir Adarkar sold 32,124 shares of DoorDash stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the transaction, the chief operating officer now directly owns 963,094 shares in the company, valued at approximately $142,528,281.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 324,539 shares of company stock valued at $46,439,330 over the last quarter. Corporate insiders own 7.92% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH traded up $0.94 during trading on Wednesday, hitting $177.43. 310,670 shares of the stock were exchanged, compared to its average volume of 3,813,978. DoorDash, Inc. has a 12-month low of $90.87 and a 12-month high of $177.88. The company has a fifty day moving average price of $146.13 and a two-hundred day moving average price of $126.06.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Oppenheimer increased their target price on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, Evercore ISI lifted their price target on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $164.03.

About DoorDash

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.