Thrivent Financial for Lutherans Lowers Stock Holdings in DoorDash, Inc. $DASH

Thrivent Financial for Lutherans cut its position in DoorDash, Inc. (NASDAQ:DASH) by 10.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 750,020 shares of the company’s stock after selling 86,145 shares during the quarter. Thrivent Financial for Lutherans owned 0.18% of DoorDash worth $203,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC grew its holdings in shares of DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after purchasing an additional 285 shares in the last quarter. Sivia Capital Partners LLC increased its stake in DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after buying an additional 2,049 shares during the period. Finally, HB Wealth Management LLC increased its stake in DoorDash by 4.0% during the 2nd quarter. HB Wealth Management LLC now owns 4,045 shares of the company’s stock worth $997,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $244.39, for a total transaction of $7,331,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 288,410 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were 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 directly owned 232,040 shares of the company’s stock, valued at $45,489,121.60. The trade was a 55.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 632,885 shares of company stock valued at $133,222,817 over the last ninety days. Company insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus dropped their price target on shares of DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a research note on Tuesday. Guggenheim decreased their target price on DoorDash from $280.00 to $275.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group cut their price target on DoorDash from $315.00 to $279.00 and set a “buy” rating on the stock in a report on Friday, November 7th. BNP Paribas Exane assumed coverage on DoorDash in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 price objective for the company. Finally, Royal Bank Of Canada cut their target price on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $280.29.

DoorDash Stock Performance

Shares of DASH opened at $204.62 on Friday. The company has a market capitalization of $88.19 billion, a price-to-earnings ratio of 103.87 and a beta of 1.70. 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 stock has a 50 day moving average price of $217.75 and a 200 day moving average price of $237.99.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 EPS. Research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal 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.