Western Financial Corp CA Sells 249 Shares of DoorDash, Inc. (NASDAQ:DASH)

Western Financial Corp CA cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.0% in the fourth quarter, according to the company in its most recent 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DASH. Rakuten Securities Inc. increased its position in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of DoorDash during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the period. Hollencrest Capital Management purchased a new position in shares of DoorDash in the third quarter worth approximately $54,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in DoorDash during the fourth quarter valued at approximately $69,000. 90.64% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Stanley Tang sold 1,855 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $315,312.90. Following the completion of the sale, the director now owns 35,413 shares in the company, valued at approximately $6,019,501.74. This trade represents a 4.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on DASH. Piper Sandler increased their price target on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Loop Capital lifted their target price on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price target on shares of DoorDash in a report on Tuesday. Citigroup raised their price objective on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI boosted their price objective on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.18.

DoorDash Stock Performance

Shares of NASDAQ DASH 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 50-day moving average price is $175.29 and its 200-day moving average price is $150.96.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.19) earnings per share. Analysts anticipate that DoorDash, Inc. will post 0.29 earnings per share for the current fiscal year.

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.