BI Asset Management Fondsmaeglerselskab A S boosted its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 143.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,942 shares of the company's stock after acquiring an additional 19,410 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in DoorDash were worth $5,526,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in DoorDash by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after purchasing an additional 317,502 shares in the last quarter. Capital World Investors lifted its position in shares of DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after acquiring an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after acquiring an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after buying an additional 86,667 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.
DoorDash Stock Performance
NASDAQ:DASH traded up $4.88 during midday trading on Wednesday, reaching $181.49. 2,588,987 shares of the stock traded hands, compared to its average volume of 4,247,349. The stock has a market capitalization of $76.24 billion, a PE ratio of 672.19 and a beta of 1.69. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The business has a 50-day moving average of $187.10 and a two-hundred day moving average of $177.12.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of DoorDash from $215.00 to $230.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Evercore ISI reiterated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Morgan Stanley dropped their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Citigroup restated a "buy" rating on shares of DoorDash in a report on Saturday, March 8th. Finally, Oppenheimer restated a "hold" rating on shares of DoorDash in a report on Monday, March 10th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $208.88.
View Our Latest Research Report on DoorDash
Insider Buying and Selling
In related news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares of the company's stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the completion of the transaction, the chief operating officer now directly owns 925,222 shares in the company, valued at $167,307,894.26. This trade represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,511 shares of company stock worth $30,308,544. 7.92% of the stock is owned by company insiders.
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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