World Investment Advisors Has $1.07 Million Stock Holdings in DoorDash, Inc. $DASH

World Investment Advisors cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 40.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,932 shares of the company’s stock after selling 2,682 shares during the period. World Investment Advisors’ holdings in DoorDash were worth $1,069,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Gilbert & Cook Inc. raised its position in shares of DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares during the period. Perigon Wealth Management LLC boosted its holdings in DoorDash by 1.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after purchasing an additional 46 shares during the period. Advisory Resource Group grew its position in DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after purchasing an additional 48 shares during the last quarter. Quotient Wealth Partners LLC increased its stake in DoorDash by 3.2% during the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after acquiring an additional 48 shares during the period. Finally, Hobart Private Capital LLC raised its holdings in DoorDash by 2.4% in the 3rd quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock valued at $589,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $205.07, for a total value of $9,312,228.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 25,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $204.95, for a total transaction of $5,123,750.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 661,647 shares of company stock valued at $146,203,968 over the last 90 days. Insiders own 5.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DASH shares. Stifel Nicolaus cut their target price on DoorDash from $255.00 to $253.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. UBS Group dropped their price objective on DoorDash from $316.00 to $241.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Citigroup reissued a “market outperform” rating on shares of DoorDash in a report on Monday, November 24th. Argus dropped their price objective on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, December 12th. Finally, Bank of America reduced their price target on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $275.74.

DoorDash Stock Up 0.8%

DoorDash stock opened at $233.95 on Monday. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $100.83 billion, a price-to-earnings ratio of 118.76 and a beta of 1.72. The company’s 50 day simple moving average is $224.37 and its 200 day simple moving average is $241.25.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

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.