DoorDash, Inc. (NASDAQ:DASH) Position Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 16.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,052 shares of the company’s stock after selling 417 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in DoorDash were worth $293,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new stake in DoorDash in the 2nd quarter valued at about $32,000. Versant Capital Management Inc boosted its position in shares of DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Quest Partners LLC grew its stake in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of DoorDash by 141.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock worth $38,000 after purchasing an additional 206 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DASH has been the subject of several recent research reports. Mizuho increased their target price on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research note on Wednesday, September 25th. Loop Capital lifted their target price on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. KeyCorp upped their target price on DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Redburn Atlantic started coverage on DoorDash in a research note on Friday, July 26th. They issued a “buy” rating and a $170.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.03.

DoorDash Price Performance

DoorDash stock opened at $169.43 on Monday. DoorDash, Inc. has a one year low of $92.56 and a one year high of $178.16. The company’s fifty day moving average price is $149.01 and its two-hundred day moving average price is $126.98. The company has a market capitalization of $70.38 billion, a price-to-earnings ratio of -376.51, a PEG ratio of 14.26 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm posted ($0.19) EPS. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. As a group, sell-side analysts anticipate that DoorDash, Inc. will post 0.24 earnings per share for the current year.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total value of $4,754,030.76. Following the sale, the chief operating officer now owns 963,094 shares of the company’s stock, valued at $142,528,281.06. This trade represents a 3.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 81,249 shares of DoorDash stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The disclosure for this sale can be found here. Insiders have sold a total of 324,539 shares of company stock valued at $46,439,330 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

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.