1,294 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by West Family Investments Inc.

West Family Investments Inc. acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,294 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in shares of DoorDash by 13.2% in the third 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 last quarter. Raymond James Financial Inc. acquired a new stake in DoorDash in the 4th quarter valued at about $146,094,000. Janus Henderson Group PLC raised its stake in shares of DoorDash by 14.5% in 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 lifted 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 worth $94,716,000 after purchasing an additional 651,525 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake 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 purchasing an additional 501,905 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Down 1.1 %

DASH stock opened at $178.08 on Friday. The stock has a 50-day moving average price of $186.60 and a two-hundred day moving average price of $165.04. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The stock has a market cap of $74.81 billion, a PE ratio of 659.56 and a beta of 1.70.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now owns 14,778 shares of the company’s stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 572,062 shares of company stock valued at $101,051,440 over the last three months. Company insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DASH shares. Barclays boosted their price objective 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. KeyCorp boosted their target price on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Piper Sandler reiterated a “neutral” rating and issued a $210.00 price target (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price objective on DoorDash from $155.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Loop Capital raised their target price on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.