Los Angeles Capital Management LLC Buys 80,419 Shares of DoorDash, Inc. (NASDAQ:DASH)

Los Angeles Capital Management LLC grew its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 18.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 505,552 shares of the company's stock after purchasing an additional 80,419 shares during the quarter. Los Angeles Capital Management LLC owned about 0.12% of DoorDash worth $84,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Baillie Gifford & Co. raised its holdings in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock valued at $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock valued at $789,766,000 after acquiring an additional 700,465 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in DoorDash by 5,396.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company's stock valued at $94,716,000 after acquiring an additional 651,525 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of DoorDash by 15.2% during the 3rd 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 in the last quarter. Finally, Nordea Investment Management AB grew its position 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 purchasing an additional 476,360 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 115,432 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $265,515. This represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith Yandell sold 4,474 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $177.36, for a total value of $793,508.64. Following the transaction, the insider now owns 114,238 shares of the company's stock, valued at approximately $20,261,251.68. This trade represents a 3.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 760,662 shares of company stock worth $134,448,673. 7.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DASH shares. Morgan Stanley increased their price target on shares of DoorDash from $160.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. JMP Securities reissued a "market outperform" rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, February 6th. Barclays boosted their target price on DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, February 13th. Wedbush increased their target price on DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Truist Financial increased their price objective on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $206.52.

DoorDash Stock Up 3.8 %

Shares of DASH traded up $7.33 during mid-day trading on Wednesday, reaching $198.60. The company's stock had a trading volume of 4,481,746 shares, compared to its average volume of 3,462,068. The company 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 1 year low of $99.32 and a 1 year high of $215.24. The business has a fifty day moving average of $183.18 and a 200 day moving average of $162.29.

DoorDash Company 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.