DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,997 shares of the company's stock after purchasing an additional 20,958 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in DoorDash were worth $13,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DASH. Rakuten Securities Inc. boosted its holdings in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash in the 4th quarter valued at approximately $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC purchased a new position in DoorDash in the fourth quarter worth $36,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Susquehanna boosted their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Argus upgraded shares of DoorDash from a "hold" rating to a "buy" rating in a research report on Friday, December 20th. Piper Sandler reiterated a "neutral" rating and set a $210.00 price target (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Morgan Stanley upped their price target on DoorDash from $160.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price objective on DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $206.52.

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Insider Buying and Selling

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the stock in a transaction that occurred 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 owns 105,162 shares of the company's stock, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $178.66, for a total transaction of $8,933,000.00. Following the sale, the director now directly owns 16,176 shares of the company's stock, valued at $2,890,004.16. This represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 522,062 shares of company stock valued at $92,218,440. Insiders own 7.92% of the company's stock.

DoorDash Price Performance

DASH opened at $187.70 on Thursday. 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 $187.66 and a two-hundred day moving average of $166.78. The stock has a market capitalization of $78.85 billion, a price-to-earnings ratio of 695.19 and a beta of 1.70.

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.

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