Savant Capital LLC Decreases Stake in DoorDash, Inc. $DASH

Savant Capital LLC reduced its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 94.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,393 shares of the company’s stock after selling 41,100 shares during the period. Savant Capital LLC’s holdings in DoorDash were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Physician Wealth Advisors Inc. increased its holdings in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Eastern Bank lifted its stake in DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of DoorDash during the 4th quarter valued at about $29,000. Finally, Morse Asset Management Inc bought a new stake in shares of DoorDash in the third quarter worth approximately $36,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Up 3.6%

Shares of DASH stock opened at $160.07 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $69.75 billion, a price-to-earnings ratio of 76.22 and a beta of 1.83. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm has a fifty day moving average price of $162.32 and a 200-day moving average price of $186.05.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.DoorDash’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. As a group, equities analysts predict that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the transaction, the insider owned 81,106 shares of the company’s stock, valued at $12,599,006.04. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of DoorDash stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the transaction, the general counsel directly owned 128,216 shares in the company, valued at approximately $20,615,850.64. The trade was a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 69,808 shares of company stock valued at $11,135,403. 5.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on DASH shares. Citizens Jmp lowered their price objective on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating on the stock in a research report on Friday, February 20th. Mizuho cut their target price on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Barclays decreased their target price on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. Guggenheim dropped their price target on DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Finally, TD Cowen initiated coverage on DoorDash in a report on Monday, April 27th. They issued a “buy” rating and a $225.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.58.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.