Schroder Investment Management Group Increases Stake in DoorDash, Inc. (NASDAQ:DASH)

Schroder Investment Management Group boosted its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,595 shares of the company's stock after acquiring an additional 13,853 shares during the quarter. Schroder Investment Management Group's holdings in DoorDash were worth $16,213,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DASH. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the 4th quarter worth $29,000. Denver PWM LLC bought a new stake in DoorDash during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash in the 4th quarter worth about $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash during the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc increased its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DASH has been the subject of several research reports. Wolfe Research upped their target price on DoorDash from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. BMO Capital Markets reaffirmed an "outperform" rating and set a $240.00 target price (up previously from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. JMP Securities reiterated a "market outperform" rating and issued a $200.00 target price on shares of DoorDash in a research report on Thursday, February 6th. KeyCorp upped 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, Truist Financial lifted their price objective on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $206.12.

DoorDash Stock Performance

Shares of DASH stock traded down $0.55 during mid-day trading on Tuesday, hitting $165.75. The company's stock had a trading volume of 4,886,249 shares, compared to its average volume of 4,206,671. The stock has a market cap of $69.63 billion, a price-to-earnings ratio of 613.89 and a beta of 1.69. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The business has a 50-day moving average price of $190.80 and a 200 day moving average price of $174.39.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash 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 sale, the director now owns 16,176 shares of the company's stock, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Thursday, January 23rd. The shares were 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 in the company, valued at $167,307,894.26. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 258,523 shares of company stock worth $47,227,120. 7.92% of the stock is owned by corporate 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.