DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,645.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,094 shares of the company's stock after buying an additional 42,510 shares during the quarter. Mediolanum International Funds Ltd's holdings in DoorDash were worth $7,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its holdings in DoorDash by 302.3% in the third 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. ORG Wealth Partners LLC purchased a new position in shares of DoorDash in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB grew its position in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after buying an additional 69 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of DoorDash during the third quarter worth approximately $54,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in DoorDash in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares of the company's stock, valued at approximately $167,307,894.26. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the sale, the director now directly owns 18,089 shares of the company's stock, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. Insiders own 7.92% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DASH. Morgan Stanley upped their price target on DoorDash from $160.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Loop Capital upped their target price on DoorDash from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Evercore ISI lifted their price target on DoorDash from $155.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. UBS Group raised their target price on shares of DoorDash from $182.00 to $200.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Benchmark increased their price target on shares of DoorDash from $152.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $179.39.

DoorDash Price Performance

NASDAQ:DASH traded up $1.96 during mid-day trading on Tuesday, reaching $192.76. The company's stock had a trading volume of 1,324,912 shares, compared to its average volume of 2,554,906. The stock has a market cap of $80.07 billion, a P/E ratio of -428.56, a P/E/G ratio of 1.97 and a beta of 1.72. The company's fifty day simple moving average is $175.53 and its two-hundred day simple moving average is $152.23. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $194.22.

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.