Blue Trust Inc. Trims Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Blue Trust Inc. decreased its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 78.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 508 shares of the company's stock after selling 1,865 shares during the period. Blue Trust Inc.'s holdings in DoorDash were worth $85,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DASH. Baillie Gifford & Co. lifted its stake in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock worth $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of DoorDash by 5,396.1% in the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company's stock worth $94,716,000 after buying an additional 651,525 shares in the last quarter. Franklin Resources Inc. boosted its stake in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock valued at $570,135,000 after buying an additional 501,905 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in DoorDash by 37.5% during the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company's stock valued at $294,701,000 after buying an additional 476,360 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Performance

DASH traded up $7.33 on Wednesday, hitting $198.60. The company had a trading volume of 4,483,930 shares, compared to its average volume of 3,478,165. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The stock has a market capitalization of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. The stock has a fifty day moving average price of $183.84 and a 200-day moving average price of $162.54.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wolfe Research upped their price objective on DoorDash from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Mizuho upped their price target on shares of DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Susquehanna lifted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research note on Thursday, February 13th. UBS Group upped their target price on shares of DoorDash from $200.00 to $204.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Needham & Company LLC lifted their price target on DoorDash from $180.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.52.

Insiders Place Their Bets

In related 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 value of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares of the company's stock, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $179.76, for a total transaction of $1,258,320.00. Following the sale, the chief financial officer now directly owns 373,993 shares in the company, valued at approximately $67,228,981.68. This represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 760,662 shares of company stock valued at $134,448,673. 7.92% of the stock is currently owned by insiders.

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.