Vaughan Nelson Investment Management L.P. Sells 53,275 Shares of DoorDash, Inc. (NASDAQ:DASH)

Vaughan Nelson Investment Management L.P. trimmed its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,142,556 shares of the company’s stock after selling 53,275 shares during the period. DoorDash accounts for approximately 1.8% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 11th largest position. Vaughan Nelson Investment Management L.P. owned about 0.28% of DoorDash worth $191,664,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DASH. Rakuten Securities Inc. grew its holdings in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash during the 4th quarter worth $34,000. ORG Wealth Partners LLC acquired a new position in DoorDash in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after acquiring an additional 69 shares during the period. Finally, Hollencrest Capital Management acquired a new position in DoorDash during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

NASDAQ DASH opened at $195.54 on Friday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $199.17. The stock has a fifty day moving average of $176.85 and a 200-day moving average of $154.42.

Insider Activity at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,375. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,040,758 shares of company stock worth $181,434,201 over the last 90 days. Insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. BMO Capital Markets upped their price target on DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. UBS Group raised their price objective on shares of DoorDash from $182.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upped their target price on shares of DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.39.

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.