DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. reduced its position in DoorDash, Inc. (NASDAQ:DASH) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400 shares of the company’s stock after selling 660 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in DoorDash were worth $403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. lifted its stake in shares of DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Swedbank AB lifted its stake in shares of DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after purchasing an additional 5,539 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares in the last quarter. Baillie Gifford & Co. raised its holdings 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 valued at $2,018,584,000 after buying an additional 1,645,186 shares during the period. Finally, LVW Advisors LLC purchased a new stake in shares of DoorDash during the 4th quarter valued at about $236,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Tia Sherringham sold 12,088 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the sale, the general counsel now owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley Tang sold 50,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $176.88, for a total value of $8,844,000.00. Following the completion of the sale, the director now directly owns 35,413 shares in the company, valued at $6,263,851.44. This represents a 58.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 753,662 shares of company stock worth $133,190,353. 7.92% of the stock is owned by company insiders.

DoorDash Stock Performance

Shares of DASH stock opened at $198.44 on Friday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The stock has a fifty day moving average of $184.95 and a two-hundred day moving average of $163.54. The firm has a market capitalization of $83.36 billion, a PE ratio of 734.96 and a beta of 1.72.

Analysts Set New Price Targets

Several equities research analysts recently commented on DASH shares. Wolfe Research raised their target price on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Royal Bank of Canada raised their target price on DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. KeyCorp raised their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Oppenheimer raised their target price on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Roth Mkm raised their target price on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

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.