Mirabella Financial Services LLP Sells 3,821 Shares of DoorDash, Inc. $DASH

Mirabella Financial Services LLP trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,391 shares of the company’s stock after selling 3,821 shares during the quarter. Mirabella Financial Services LLP’s holdings in DoorDash were worth $2,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DASH. Saudi Central Bank purchased a new stake in DoorDash during the first quarter valued at $25,000. WPG Advisers LLC purchased a new stake in shares of DoorDash during the 1st quarter valued at about $26,000. Pacific Center for Financial Services purchased a new stake in shares of DoorDash during the 1st quarter valued at about $27,000. GFG Capital LLC purchased a new position in shares of DoorDash in the second quarter worth approximately $30,000. Finally, Harbour Investments Inc. boosted its holdings in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after buying an additional 70 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DASH has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. KeyCorp reaffirmed an “overweight” rating and set a $280.00 price target on shares of DoorDash in a report on Friday, November 21st. Oppenheimer restated an “outperform” rating and set a $280.00 price objective on shares of DoorDash in a research report on Thursday, November 6th. Zacks Research downgraded shares of DoorDash from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Piper Sandler boosted their price objective on DoorDash from $210.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average price target of $275.62.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $221.19 on Friday. The stock has a market capitalization of $95.33 billion, a P/E ratio of 112.28 and a beta of 1.72. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. 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 firm has a fifty day simple moving average of $238.04 and a two-hundred day simple moving average of $238.73.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company 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 firm posted $0.38 EPS. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 24,489 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $187.36, for a total value of $4,588,259.04. Following the completion of the sale, the chief operating officer owned 874,130 shares in the company, valued at approximately $163,776,996.80. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 288,410 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $196.04, for a total value of $56,539,896.40. Following the completion of the sale, the chief executive officer owned 232,040 shares of the company’s stock, valued at $45,489,121.60. This represents a 55.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 679,563 shares of company stock valued at $152,902,593. 5.83% of the stock is owned by company insiders.

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.