Thrivent Financial for Lutherans Sells 27,743 Shares of DoorDash, Inc. (NASDAQ:DASH)

Thrivent Financial for Lutherans decreased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 635,856 shares of the company’s stock after selling 27,743 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DoorDash were worth $106,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the 4th quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the 4th quarter valued at $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash in the 4th quarter valued at $36,000. Finally, IFP Advisors Inc lifted its stake in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the transaction, the chief financial officer now directly owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,525. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 363,730 shares of company stock valued at $63,922,178 in the last three months. 7.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on DASH shares. Morgan Stanley raised their target price on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. KeyCorp raised their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Royal Bank of Canada lifted their price target on DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Bank of America lifted their target price on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price target on shares of DoorDash in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Trading Up 3.5 %

Shares of DASH opened at $189.86 on Tuesday. The firm has a market cap of $79.76 billion, a P/E ratio of 703.19 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The company’s 50-day moving average price is $188.28 and its 200 day moving average price is $168.24.

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.