20,407 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Illumine Investment Management LLC

Illumine Investment Management LLC bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,407 shares of the company’s stock, valued at approximately $3,423,000. DoorDash accounts for 2.8% of Illumine Investment Management LLC’s holdings, making the stock its 6th largest position.

A number of other institutional investors also recently modified their holdings of DASH. Baillie Gifford & Co. lifted its position in 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 acquiring an additional 1,645,186 shares during the last quarter. Janus Henderson Group PLC lifted its position in DoorDash by 14.5% during the 3rd 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 raised its position in shares of DoorDash by 5,396.1% during the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after buying an additional 651,525 shares during the last quarter. Franklin Resources Inc. raised its position in shares of DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after buying an additional 501,905 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of DoorDash by 37.5% during the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after buying an additional 476,360 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH opened at $195.84 on Friday. The firm’s 50 day simple moving average is $184.40 and its 200 day simple moving average is $162.77. The company has a market capitalization of $82.27 billion, a P/E ratio of 725.33 and a beta of 1.72. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24.

Insider Activity at DoorDash

In other news, insider Keith Yandell sold 4,474 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $177.36, for a total value of $793,508.64. Following the transaction, the insider now owns 114,238 shares in the company, valued at approximately $20,261,251.68. This trade represents a 3.77 % 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 hyperlink. Also, General Counsel Tia Sherringham sold 11,694 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $176.91, for a total transaction of $2,068,785.54. Following the completion of the transaction, the general counsel now owns 134,223 shares in the company, valued at $23,745,390.93. This represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 753,662 shares of company stock valued at $133,190,353 over the last three months. 7.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Susquehanna upped their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Loop Capital upped their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 target price (up previously from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Needham & Company LLC upped their target price on shares of DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI upped their target price on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.52.

DoorDash 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.