DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 734,913 shares of the company's stock after selling 140,810 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.18% of DoorDash worth $123,297,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts recently commented on DASH shares. Cantor Fitzgerald lowered their price objective on DoorDash from $230.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Susquehanna increased their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a report on Thursday, February 13th. Roth Mkm boosted their target price on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Morgan Stanley dropped their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, Loop Capital boosted their price objective on DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $208.88.

DoorDash Trading Up 0.3 %

NASDAQ:DASH opened at $187.76 on Friday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The firm has a market capitalization of $78.88 billion, a price-to-earnings ratio of 695.41 and a beta of 1.69. The business's fifty day moving average price is $186.09 and its 200 day moving average price is $177.99.

Insider Activity

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the sale, the director now owns 18,285 shares in the company, valued at $3,313,424.85. This represents a 71.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Prabir Adarkar sold 20,161 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $4,101,755.45. Following the sale, the chief operating officer now directly owns 905,061 shares of the company's stock, valued at $184,134,660.45. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,086 shares of company stock worth $26,430,884 in the last 90 days. Company insiders own 7.92% of the company's stock.

DoorDash 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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