ING Groep NV Has $1.28 Million Position in DoorDash, Inc. (NASDAQ:DASH)

ING Groep NV lifted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 312.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,633 shares of the company's stock after purchasing an additional 5,781 shares during the period. ING Groep NV's holdings in DoorDash were worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DASH. Rakuten Securities Inc. lifted its position in DoorDash by 302.3% during 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 during the period. Pittenger & Anderson Inc. acquired a new position in DoorDash in the fourth quarter valued at approximately $29,000. Princeton Global Asset Management LLC bought a new position in DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC bought a new position in DoorDash in the fourth quarter valued at approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after acquiring an additional 69 shares during the period. Institutional investors own 90.64% of the company's stock.

DoorDash Trading Up 3.8 %

Shares of NASDAQ:DASH traded up $7.33 during trading on Wednesday, hitting $198.60. 4,483,930 shares of the company were exchanged, compared to its average volume of 3,478,165. The stock has a market cap of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The firm has a fifty day moving average price of $183.84 and a two-hundred day moving average price of $162.54.

Insider Buying and Selling

In other DoorDash news, insider Keith Yandell sold 4,474 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $177.36, for a total transaction of $793,508.64. Following the completion of the sale, the insider now owns 114,238 shares of the company's stock, valued at $20,261,251.68. This trade represents a 3.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. The trade was a 75.56 % 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 worth $134,448,673. Insiders own 7.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DASH. Wells Fargo & Company increased their price target on DoorDash from $166.00 to $198.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Argus upgraded DoorDash from a "hold" rating to a "buy" rating in a report on Friday, December 20th. Roth Mkm boosted their target price on DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. KeyCorp increased their price target on shares of DoorDash from $180.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Finally, Bank of America boosted their price objective on shares of DoorDash from $205.00 to $245.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat.com, DoorDash has a consensus rating of "Moderate Buy" and a consensus price target of $206.52.

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.