Elo Mutual Pension Insurance Co lifted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,514 shares of the company's stock after acquiring an additional 3,507 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in DoorDash were worth $5,119,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of DASH. Raymond James Trust N.A. purchased a new stake in shares of DoorDash during the 3rd quarter worth about $216,000. DRW Securities LLC bought a new position in DoorDash during the third quarter valued at approximately $289,000. Loomis Sayles & Co. L P lifted its stake in DoorDash by 1,100.6% in the third quarter. Loomis Sayles & Co. L P now owns 6,531 shares of the company's stock valued at $932,000 after acquiring an additional 5,987 shares during the last quarter. Dai ichi Life Insurance Company Ltd bought a new stake in DoorDash in the third quarter worth approximately $1,376,000. Finally, Townsquare Capital LLC increased its stake in shares of DoorDash by 129.6% during the 3rd quarter. Townsquare Capital LLC now owns 5,640 shares of the company's stock worth $805,000 after purchasing an additional 3,184 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at DoorDash
In other news, CFO Ravi Inukonda sold 15,198 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the transaction, the chief financial officer now owns 351,970 shares of the company's stock, valued at $71,840,596.70. The trade was a 4.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,525. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 351,445 shares of company stock worth $62,258,130. 7.92% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Benchmark lifted their price objective on shares of DoorDash from $180.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Barclays upped their price target on DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 13th. Morgan Stanley raised their price objective on DoorDash from $160.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Cantor Fitzgerald boosted their price objective on shares of DoorDash from $200.00 to $230.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group raised their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.21.
Check Out Our Latest Research Report on DoorDash
DoorDash Stock Down 0.6 %
DASH stock traded down $1.18 during midday trading on Tuesday, reaching $181.59. The company's stock had a trading volume of 850,311 shares, compared to its average volume of 4,109,966. The business's 50-day simple moving average is $192.17 and its 200-day simple moving average is $172.76. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The stock has a market cap of $76.29 billion, a PE ratio of 669.72 and a beta of 1.70.
About DoorDash
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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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