DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,212,831 shares of the company's stock after selling 60,645 shares during the quarter. Artisan Partners Limited Partnership owned about 0.29% of DoorDash worth $203,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Trust N.A. bought a new position in DoorDash in the third quarter valued at about $216,000. DRW Securities LLC purchased a new position in shares of DoorDash during the 3rd quarter worth $289,000. Loomis Sayles & Co. L P increased its position in DoorDash by 1,100.6% in the third quarter. Loomis Sayles & Co. L P now owns 6,531 shares of the company's stock worth $932,000 after buying an additional 5,987 shares in the last quarter. Dai ichi Life Insurance Company Ltd purchased a new stake in shares of DoorDash in the third quarter worth $1,376,000. Finally, Brooklyn Investment Group raised its position in shares of DoorDash by 10.5% during the 3rd quarter. Brooklyn Investment Group now owns 2,008 shares of the company's stock valued at $287,000 after purchasing an additional 191 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the stock in a transaction dated Thursday, February 20th. The shares were 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 represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 14,715 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the completion of the sale, the chief financial officer now owns 338,055 shares in the company, valued at $66,434,568.60. This represents a 4.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,445 shares of company stock worth $62,258,130 over the last 90 days. Company insiders own 7.92% of the company's stock.

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DoorDash Stock Down 2.3 %

Shares of NASDAQ DASH traded down $4.16 during midday trading on Monday, reaching $178.46. 1,789,241 shares of the company's stock traded hands, compared to its average volume of 4,105,514. The company has a market cap of $74.97 billion, a price-to-earnings ratio of 660.56 and a beta of 1.70. The stock's 50 day simple moving average is $192.00 and its 200-day simple moving average is $172.39. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25.

Analysts Set New Price Targets

DASH has been the topic of a number of recent analyst reports. Wedbush raised their price target on DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Wells Fargo & Company upped their price target on DoorDash from $166.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. KeyCorp lifted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Royal Bank of Canada upped their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, Needham & Company LLC reiterated a "buy" rating on shares of DoorDash in a report on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.21.

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.