Alpha DNA Investment Management LLC lessened its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,658 shares of the company's stock after selling 1,576 shares during the period. Alpha DNA Investment Management LLC's holdings in DoorDash were worth $781,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co raised its holdings in shares of DoorDash by 5.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 356,009 shares of the company's stock worth $59,649,000 after buying an additional 18,667 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of DoorDash by 43.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 682,582 shares of the company's stock valued at $114,503,000 after acquiring an additional 206,391 shares during the period. Marshall Wace LLP raised its stake in DoorDash by 0.6% in the 4th quarter. Marshall Wace LLP now owns 2,764,431 shares of the company's stock worth $463,733,000 after acquiring an additional 15,952 shares during the last quarter. NewEdge Advisors LLC lifted its position in DoorDash by 9.3% during the 4th quarter. NewEdge Advisors LLC now owns 6,068 shares of the company's stock worth $1,018,000 after acquiring an additional 514 shares during the period. Finally, Insigneo Advisory Services LLC grew its stake in DoorDash by 4.8% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,315 shares of the company's stock valued at $388,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.
DoorDash Trading Up 3.4 %
DASH stock traded up $6.08 during trading on Wednesday, reaching $182.69. 1,140,885 shares of the stock were exchanged, compared to its average volume of 4,236,757. The firm has a market capitalization of $76.75 billion, a price-to-earnings ratio of 676.63 and a beta of 1.69. The business has a 50 day moving average price of $187.74 and a 200-day moving average price of $177.09. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.
Insider Activity at DoorDash
In related news, insider Keith Yandell sold 8,116 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the sale, the insider now directly owns 105,162 shares of the company's stock, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 15,198 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the transaction, the chief financial officer now directly owns 351,970 shares in the company, valued at $71,840,596.70. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,511 shares of company stock worth $30,308,544. Insiders own 7.92% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Susquehanna upped their target price on DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a research report on Thursday, February 13th. Oppenheimer reissued a "hold" rating on shares of DoorDash in a report on Monday, March 10th. Morgan Stanley lowered their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. FBN Securities began coverage on DoorDash in a report on Friday, March 28th. They set an "outperform" rating and a $230.00 target price on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $208.88.
Check Out Our Latest Stock Report on DoorDash
About DoorDash
(
Free Report)
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.
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