St. Louis Trust Co Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

St. Louis Trust Co acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,214 shares of the company’s stock, valued at approximately $204,000.

Several other large investors have also modified their holdings of DASH. Principal Financial Group Inc. increased its holdings in shares of DoorDash by 25.0% during the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock worth $12,958,000 after buying an additional 18,155 shares during the last quarter. Assetmark Inc. increased its stake in DoorDash by 17.4% during the third quarter. Assetmark Inc. now owns 3,519 shares of the company’s stock worth $502,000 after acquiring an additional 522 shares during the last quarter. Venturi Wealth Management LLC increased its stake in DoorDash by 39.0% during the third quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after acquiring an additional 119 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in shares of DoorDash in the 3rd quarter worth about $219,000. Finally, Entropy Technologies LP grew its holdings in shares of DoorDash by 71.0% during the 3rd quarter. Entropy Technologies LP now owns 10,994 shares of the company’s stock worth $1,569,000 after purchasing an additional 4,564 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Price Performance

Shares of DASH opened at $183.73 on Wednesday. The stock has a market capitalization of $77.18 billion, a PE ratio of 680.48 and a beta of 1.70. The business’s fifty day moving average price is $187.26 and its 200 day moving average price is $166.63. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $268,110. This represents a 98.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $176.66, for a total value of $8,833,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at $2,857,652.16. This represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 572,062 shares of company stock valued at $101,051,440. Company insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wolfe Research raised their price target on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Mizuho upped their price target on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Bank of America increased their price target on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Benchmark boosted their price objective on DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.