Aviva PLC Buys 173,512 Shares of DoorDash, Inc. (NASDAQ:DASH)

Aviva PLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,306.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,790 shares of the company's stock after purchasing an additional 173,512 shares during the period. Aviva PLC's holdings in DoorDash were worth $31,334,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash in the 4th quarter valued at approximately $29,000. Denver PWM LLC bought a new position in DoorDash during the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the fourth quarter worth about $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the 4th quarter worth about $36,000. Finally, IFP Advisors Inc increased its holdings in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the transaction, the director now owns 18,285 shares in the company, valued at approximately $3,313,424.85. The trade was a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 208,523 shares of company stock valued at $38,726,620 over the last quarter. Corporate insiders own 7.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DASH shares. The Goldman Sachs Group boosted their target price on DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Bank of America dropped their price objective on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a report on Monday. Evercore ISI reiterated an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. BMO Capital Markets restated an "outperform" rating and set a $240.00 price target (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, Wolfe Research raised their price objective on DoorDash from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $206.12.

DoorDash Price Performance

Shares of DASH stock traded up $0.50 during trading hours on Friday, reaching $179.02. 1,158,383 shares of the company were exchanged, compared to its average volume of 4,221,779. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The stock's fifty day moving average is $190.55 and its two-hundred day moving average is $175.08. The company has a market cap of $75.21 billion, a price-to-earnings ratio of 661.36 and a beta of 1.69.

About DoorDash

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.