DoorDash, Inc. (NASDAQ:DASH) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 356,009 shares of the company's stock after acquiring an additional 18,667 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.09% of DoorDash worth $59,649,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in DoorDash by 43.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 682,582 shares of the company's stock valued at $114,503,000 after purchasing an additional 206,391 shares during the period. Marshall Wace LLP boosted its stake in shares of DoorDash by 0.6% during the fourth quarter. Marshall Wace LLP now owns 2,764,431 shares of the company's stock valued at $463,733,000 after purchasing an additional 15,952 shares in the last quarter. NewEdge Advisors LLC raised its stake in DoorDash by 9.3% in the fourth quarter. NewEdge Advisors LLC now owns 6,068 shares of the company's stock worth $1,018,000 after buying an additional 514 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in DoorDash by 4.8% during the fourth quarter. Insigneo Advisory Services LLC now owns 2,315 shares of the company's stock worth $388,000 after buying an additional 105 shares during the period. Finally, United Capital Financial Advisors LLC increased its holdings in shares of DoorDash by 7.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 5,185 shares of the company's stock valued at $870,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on 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 completion of the transaction, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This represents a 71.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Keith Yandell sold 8,116 shares of the stock in a transaction on 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 transaction, the insider now directly owns 105,162 shares in the company, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,511 shares of company stock valued at $30,308,544. 7.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. KeyCorp reduced their target price on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. JMP Securities reissued a "market outperform" rating and set a $200.00 target price on shares of DoorDash in a research report on Thursday, February 6th. Citigroup reaffirmed a "buy" rating on shares of DoorDash in a report on Saturday, March 8th. FBN Securities initiated coverage on DoorDash in a research report on Friday, March 28th. They issued an "outperform" rating and a $230.00 price objective for the company. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $240.00 target price (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $208.88.

DoorDash Trading Up 3.4 %

Shares of DoorDash stock traded up $6.08 during trading hours on Wednesday, reaching $182.69. The stock had a trading volume of 1,140,885 shares, compared to its average volume of 4,236,757. The stock's 50 day moving average is $187.74 and its 200 day moving average is $177.09. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm has a market capitalization of $76.75 billion, a PE ratio of 676.63 and a beta of 1.69.

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.