National Pension Service Sells 18,689 Shares of DoorDash, Inc. (NASDAQ:DASH)

National Pension Service cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 411,560 shares of the company's stock after selling 18,689 shares during the period. National Pension Service owned 0.10% of DoorDash worth $69,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. boosted its stake 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 acquiring an additional 130 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the 4th quarter worth $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash in the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC acquired a new position in DoorDash in the fourth quarter valued at about $36,000. Institutional investors own 90.64% of the company's stock.

Insider Activity

In related news, General Counsel Tia Sherringham sold 12,088 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the sale, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $268,110. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 576,536 shares of company stock valued at $101,844,949 over the last three months. Insiders own 7.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DASH. Wolfe Research upped their price target on DoorDash from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. The Goldman Sachs Group lifted their price target on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Evercore ISI upped their price objective on shares of DoorDash from $200.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Mizuho boosted their target price on DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Benchmark increased their price target on DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $206.52.

DoorDash Stock Performance

NASDAQ:DASH traded down $0.34 during mid-day trading on Monday, hitting $198.10. The stock had a trading volume of 4,439,695 shares, compared to its average volume of 3,615,656. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.24. The stock has a market cap of $83.22 billion, a price-to-earnings ratio of 733.70 and a beta of 1.72. The company's 50 day simple moving average is $184.95 and its 200 day simple moving average is $163.79.

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.