Gilbert & Cook Inc. Has $275,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Gilbert & Cook Inc. cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,640 shares of the company’s stock after selling 57 shares during the quarter. Gilbert & Cook Inc.’s holdings in DoorDash were worth $275,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in DoorDash by 216.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after buying an additional 739,961 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after buying an additional 700,465 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of DoorDash by 5,396.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock worth $94,716,000 after acquiring an additional 651,525 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In related news, General Counsel Tia Sherringham sold 12,950 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $2,201,241.00. Following the sale, the general counsel now directly owns 145,917 shares in the company, valued at $24,802,971.66. This represents a 8.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,375. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial boosted their target price on DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price target on shares of DoorDash in a research report on Tuesday. Loop Capital upped their price objective on shares of DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group lifted their target price on shares of DoorDash from $161.00 to $192.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Bank of America upped their price target on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.18.

DoorDash Trading Up 1.5 %

DASH stock opened at $188.57 on Friday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $189.23. The business’s 50 day moving average is $175.06 and its 200-day moving average is $150.38. The firm has a market cap of $78.33 billion, a P/E ratio of -419.04, a P/E/G ratio of 1.85 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the firm earned ($0.19) EPS. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. Sell-side analysts forecast that DoorDash, Inc. will post 0.29 EPS for the current year.

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.