134,056 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Natixis

Natixis purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 134,056 shares of the company's stock, valued at approximately $22,488,000.

Several other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company's stock valued at $1,522,000 after acquiring an additional 3,498 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of DoorDash during the 3rd quarter valued at $1,109,000. Tidal Investments LLC lifted its stake in shares of DoorDash by 19.9% in the 3rd quarter. Tidal Investments LLC now owns 12,321 shares of the company's stock valued at $1,759,000 after purchasing an additional 2,049 shares during the last quarter. Tri Ri Asset Management Corp bought a new stake in DoorDash in the third quarter worth $6,250,000. Finally, Franklin Resources Inc. increased its position in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock worth $570,135,000 after buying an additional 501,905 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on DASH shares. Oppenheimer reaffirmed a "hold" rating on shares of DoorDash in a research report on Monday, March 10th. KeyCorp reduced their target price on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Susquehanna increased their price target on DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Roth Mkm upped their price objective on shares of DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $208.88.

DoorDash Stock Up 2.8 %

NASDAQ:DASH traded up $4.88 during trading hours on Wednesday, reaching $181.49. The company had a trading volume of 2,588,987 shares, compared to its average volume of 4,242,360. The stock has a 50-day moving average of $187.74 and a two-hundred day moving average of $177.09. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The firm has a market capitalization of $76.24 billion, a PE ratio of 672.19 and a beta of 1.69.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 1,398 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,511 shares of company stock valued at $30,308,544. 7.92% of the stock is currently owned by insiders.

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.