EP Wealth Advisors LLC Sells 149 Shares of DoorDash, Inc. (NASDAQ:DASH)

EP Wealth Advisors LLC cut its position in DoorDash, Inc. (NASDAQ:DASH) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,660 shares of the company’s stock after selling 149 shares during the quarter. EP Wealth Advisors LLC’s holdings in DoorDash were worth $949,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash in the 4th quarter worth $29,000. Denver PWM LLC purchased a new stake in DoorDash in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the fourth quarter worth about $34,000. ORG Wealth Partners LLC purchased a new stake in shares of DoorDash during the fourth quarter worth about $36,000. Finally, IFP Advisors Inc grew its stake 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 acquiring an additional 54 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DASH. BMO Capital Markets reaffirmed an “outperform” rating on shares of DoorDash in a research report on Tuesday, April 29th. UBS Group lowered their price objective on shares of DoorDash from $197.00 to $196.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley dropped their price objective on shares of DoorDash from $245.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Citigroup restated an “outperform” rating on shares of DoorDash in a research note on Monday, April 28th. Finally, Mizuho boosted their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $209.97.

DoorDash Stock Up 0.3 %

DASH opened at $183.56 on Friday. The firm’s fifty day simple moving average is $184.61 and its two-hundred day simple moving average is $180.84. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The company has a market cap of $77.11 billion, a price-to-earnings ratio of 679.85 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the company posted ($0.06) EPS. DoorDash’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Transactions at DoorDash

In related 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 approximately $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the company’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 $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,573 shares of company stock valued at $30,407,073 over the last ninety days. Insiders own 7.92% of the company’s stock.

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.