UniSuper Management Pty Ltd Reduces Stock Position in DoorDash, Inc. (NASDAQ:DASH)

UniSuper Management Pty Ltd reduced its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,900 shares of the company's stock after selling 2,957 shares during the quarter. UniSuper Management Pty Ltd's holdings in DoorDash were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Pittenger & Anderson Inc. purchased a new position in DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC purchased a new stake in DoorDash during the fourth quarter valued at 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 raised its holdings 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 buying an additional 54 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director now owns 18,285 shares of the company's stock, valued at $3,313,424.85. This trade represents a 71.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the transaction, the director now directly owns 16,176 shares of the company's stock, valued at approximately $2,722,744.32. This represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 258,523 shares of company stock worth $47,227,120 over the last three months. Company insiders own 7.92% of the company's stock.

Remove Ads

DoorDash Price Performance

Shares of DASH stock traded down $9.51 on Friday, hitting $164.48. The stock had a trading volume of 3,996,190 shares, compared to its average volume of 4,158,466. The company's 50 day moving average price is $192.30 and its 200-day moving average price is $173.24. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The firm has a market capitalization of $69.10 billion, a P/E ratio of 613.18 and a beta of 1.70.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DASH. Susquehanna upped their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Truist Financial upped their price objective on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Mizuho upped their target price on shares of DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Oppenheimer restated a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Finally, Loop Capital increased their target price on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.29.

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.