Illumine Investment Management LLC Has $4.72 Million Holdings in DoorDash, Inc. $DASH

Illumine Investment Management LLC lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 13.1% during the third quarter, Holdings Channel.com reports. The fund owned 17,363 shares of the company’s stock after selling 2,624 shares during the period. DoorDash comprises 3.4% of Illumine Investment Management LLC’s investment portfolio, making the stock its largest position. Illumine Investment Management LLC’s holdings in DoorDash were worth $4,723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GFG Capital LLC acquired a new position in shares of DoorDash in the 2nd quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its stake in DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of DoorDash by 74.3% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after buying an additional 75 shares during the last quarter. Asset Planning Inc bought a new position in DoorDash in the third quarter valued at about $50,000. Finally, CX Institutional raised its stake in DoorDash by 3,660.0% during the third quarter. CX Institutional now owns 188 shares of the company’s stock worth $51,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DASH shares. KeyCorp reduced their price target on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoorDash in a research note on Wednesday, October 8th. UBS Group restated a “neutral” rating and issued a $245.00 price target on shares of DoorDash in a research report on Monday. JPMorgan Chase & Co. lowered their target price on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $260.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $279.09.

DoorDash Stock Up 1.5%

DASH opened at $207.67 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock has a market cap of $89.51 billion, a price-to-earnings ratio of 105.42 and a beta of 1.70. The company’s 50-day moving average price is $218.14 and its two-hundred day moving average price is $237.82. DoorDash, Inc. has a twelve month low of $155.40 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH) last posted its 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). The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s revenue was up 27.3% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. As a group, equities analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the completion of the sale, the chief operating officer directly owned 874,130 shares in the company, valued at $178,838,256.70. This represents a 1.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ravi Inukonda sold 1,017 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the transaction, the chief financial officer owned 208,412 shares in the company, valued at $44,837,757.68. This trade represents a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 557,412 shares of company stock worth $114,778,269 in the last 90 days. 5.83% of the stock is currently owned by company insiders.

DoorDash Company Profile

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.