Western Financial Corp CA Lowers Stake in DoorDash, Inc. (NASDAQ:DASH)

Western Financial Corp CA cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,067 shares of the company’s stock after selling 249 shares during the period. Western Financial Corp CA’s holdings in DoorDash were worth $1,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. grew its stake in DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after acquiring an additional 10,755 shares in the last quarter. Forsta AP Fonden boosted its holdings in shares of DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after purchasing an additional 10,100 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares during the period. Baillie Gifford & Co. grew its stake in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Finally, CWM LLC increased its holdings in DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after purchasing an additional 5,273 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 0.1 %

DASH stock opened at $188.83 on Friday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $189.99. The firm’s fifty day simple moving average is $175.29 and its 200-day simple moving average is $150.96.

DoorDash (NASDAQ:DASH) last posted 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. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.19) earnings per share. On average, equities analysts anticipate that DoorDash, Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity

In other DoorDash news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the completion of the transaction, the director now owns 18,089 shares in the company, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,500 shares in the company, valued at $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock valued at $181,434,201 in the last quarter. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on DASH shares. Needham & Company LLC upped their target price on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. UBS Group upped their price objective on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 target price on shares of DoorDash in a report on Tuesday. Susquehanna boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.18.

DoorDash 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.