10,276 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,276 shares of the company's stock, valued at approximately $1,724,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its stake in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Janus Henderson Group PLC boosted its position in DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock worth $789,766,000 after acquiring an additional 700,465 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company's stock worth $94,716,000 after acquiring an additional 651,525 shares during the period. Franklin Resources Inc. grew its stake in DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock worth $570,135,000 after acquiring an additional 501,905 shares during the period. Finally, Nordea Investment Management AB raised its holdings in DoorDash by 37.5% in the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company's stock valued at $294,701,000 after acquiring an additional 476,360 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Up 3.8 %

Shares of DASH traded up $7.33 during trading on Wednesday, reaching $198.60. The company's stock had a trading volume of 4,483,930 shares, compared to its average volume of 3,478,165. The company has a market cap of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. The company has a fifty day moving average of $183.18 and a two-hundred day moving average of $162.29. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.24.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $179.76, for a total value of $1,258,320.00. Following the completion of the transaction, the chief financial officer now owns 373,993 shares in the company, valued at approximately $67,228,981.68. This trade represents a 1.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Tia Sherringham sold 11,694 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $176.91, for a total value of $2,068,785.54. Following the completion of the sale, the general counsel now owns 134,223 shares of the company's stock, valued at $23,745,390.93. This trade represents a 8.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 760,662 shares of company stock valued at $134,448,673. Insiders own 7.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Bank of America lifted their price objective on DoorDash from $205.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Susquehanna lifted 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. Morgan Stanley increased their price objective on shares of DoorDash from $160.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. The Goldman Sachs Group boosted their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, Barclays upped their price target on shares of DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $206.52.

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.