Laird Norton Wetherby Wealth Management LLC Sells 133 Shares of DoorDash, Inc. (NASDAQ:DASH)

Laird Norton Wetherby Wealth Management LLC cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,136 shares of the company’s stock after selling 133 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in DoorDash were worth $862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GeoWealth Management LLC boosted its position in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc boosted its position in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares in the last quarter. Avestar Capital LLC boosted its position in shares of DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after purchasing an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after purchasing an additional 84 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DASH shares. Citigroup reissued an “outperform” rating on shares of DoorDash in a research report on Monday, April 28th. Benchmark lifted their price target on shares of DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. UBS Group cut their price objective on shares of DoorDash from $197.00 to $196.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on shares of DoorDash from $205.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Susquehanna boosted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.97.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now owns 105,162 shares in the company, valued at $21,395,208.90. This represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,573 shares of company stock worth $30,407,073 in the last ninety days. Insiders own 7.92% of the company’s stock.

DoorDash Trading Down 0.5%

Shares of DASH stock opened at $196.84 on Thursday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The firm’s fifty day moving average price is $185.28 and its two-hundred day moving average price is $181.52. The firm has a market capitalization of $82.69 billion, a P/E ratio of 729.04 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. DoorDash’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) EPS. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

DoorDash Company 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.