Gardner Russo & Quinn LLC Has $112.41 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Gardner Russo & Quinn LLC lowered its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 670,131 shares of the company's stock after selling 35,136 shares during the period. DoorDash comprises 1.3% of Gardner Russo & Quinn LLC's portfolio, making the stock its 14th largest holding. Gardner Russo & Quinn LLC owned approximately 0.16% of DoorDash worth $112,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DASH. Pittenger & Anderson Inc. purchased a new position in DoorDash during the fourth quarter worth about $29,000. Denver PWM LLC acquired a new position in shares of DoorDash during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash during the 4th quarter worth about $34,000. ORG Wealth Partners LLC purchased a new stake in DoorDash in the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc increased its position in DoorDash by 31.8% during the fourth 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. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Up 5.0 %

DoorDash stock traded up $9.17 during midday trading on Wednesday, hitting $191.59. 3,250,304 shares of the stock were exchanged, compared to its average volume of 4,124,753. The company has a fifty day simple moving average of $192.25 and a two-hundred day simple moving average of $173.12. The stock has a market capitalization of $80.49 billion, a PE ratio of 709.59 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25.

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Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 1,398 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company's stock, valued at $3,006,584.10. This represents a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the sale, the chief financial officer now directly owns 351,970 shares of the company's stock, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 371,445 shares of company stock valued at $65,969,730. 7.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research analyst reports. Roth Mkm lifted their target price on DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler reaffirmed a "neutral" rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Morgan Stanley boosted their target price on DoorDash from $160.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Wells Fargo & Company lifted their price target on shares of DoorDash from $166.00 to $198.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Finally, JMP Securities reiterated a "market outperform" rating and set a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.21.

About DoorDash

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.