Illumine Investment Management LLC Sells 2,624 Shares of DoorDash, Inc. $DASH

Illumine Investment Management LLC cut its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,363 shares of the company’s stock after selling 2,624 shares during the quarter. DoorDash accounts for about 3.4% of Illumine Investment Management LLC’s investment portfolio, making the stock its largest holding. Illumine Investment Management LLC’s holdings in DoorDash were worth $4,723,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. GFG Capital LLC bought a new position in DoorDash in the second quarter worth about $30,000. Sound Income Strategies LLC lifted its holdings in shares of DoorDash by 2,760.0% in the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in DoorDash by 74.3% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after purchasing an additional 75 shares during the period. Asset Planning Inc bought a new position in DoorDash during the 3rd quarter worth $50,000. Finally, NewSquare Capital LLC lifted its position in DoorDash by 610.3% in the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, Director Alfred Lin purchased 389,047 shares of DoorDash stock in a transaction that occurred on Tuesday, November 25th. The stock was acquired at an average price of $193.81 per share, for a total transaction of $75,401,199.07. Following the completion of the acquisition, the director owned 389,047 shares of the company’s stock, valued at approximately $75,401,199.07. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $234.57, for a total value of $7,037,100.00. Following the transaction, the chief operating officer directly owned 874,130 shares in the company, valued at $205,044,674.10. The trade was a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 557,412 shares of company stock valued at $114,778,269. 5.83% of the stock is owned by corporate insiders.

DoorDash Price Performance

Shares of DoorDash stock opened at $207.67 on Tuesday. The firm’s 50-day moving average price is $218.14 and its two-hundred day moving average price is $237.82. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The stock has a market capitalization of $89.51 billion, a price-to-earnings ratio of 105.42 and a beta of 1.70. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DASH shares. JPMorgan Chase & Co. reduced their price objective on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Wolfe Research set a $270.00 price target on DoorDash in a report on Monday, January 5th. Barclays reduced their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Benchmark raised their target price on DoorDash from $315.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Bank of America cut their price target on DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $279.09.

DoorDash Profile

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.