Shell Asset Management Co. Has $914,000 Stock Holdings in DoorDash, Inc. $DASH

Shell Asset Management Co. decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 63.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,359 shares of the company’s stock after selling 5,757 shares during the quarter. Shell Asset Management Co.’s holdings in DoorDash were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DASH. Gilbert & Cook Inc. lifted its holdings in shares of DoorDash by 2.6% during the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after buying an additional 42 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of DoorDash by 3.5% in the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after acquiring an additional 42 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in DoorDash by 1.9% during the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after acquiring an additional 45 shares during the period. Advisory Resource Group increased its position in DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after acquiring an additional 48 shares during the period. Finally, Quotient Wealth Partners LLC raised its stake in DoorDash by 3.2% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $234.57, for a total value of $7,037,100.00. Following the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at $205,044,674.10. The trade was a 3.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony Xu sold 288,410 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $196.04, for a total value of $56,539,896.40. Following the completion of the sale, the chief executive officer owned 232,040 shares in the company, valued at $45,489,121.60. This trade represents a 55.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 604,135 shares of company stock worth $124,509,080 over the last three months. 5.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Argus decreased their price target on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Wedbush lifted their target price on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Jefferies Financial Group boosted their price target on DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group set a $267.00 price target on DoorDash in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $280.24.

DoorDash Stock Performance

NASDAQ:DASH opened at $160.34 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $211.95 and a 200 day moving average price of $233.25. The firm has a market capitalization of $69.11 billion, a PE ratio of 81.39 and a beta of 1.78. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.