DoorDash (NASDAQ:DASH) Price Target Raised to $200.00 at Barclays

DoorDash (NASDAQ:DASH) had its target price upped by research analysts at Barclays from $163.00 to $200.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 0.44% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Susquehanna lifted their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group upped their price objective on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley raised their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Wells Fargo & Company boosted their target price on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a report on Wednesday. Nine equities research 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.79.

DoorDash Stock Performance

NASDAQ DASH opened at $200.89 on Thursday. DoorDash has a one year low of $99.32 and a one year high of $201.17. The company has a market capitalization of $83.45 billion, a price-to-earnings ratio of -446.42, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. The company’s 50-day simple moving average is $178.00 and its two-hundred day simple moving average is $156.37.

Insider Transactions at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 115,432 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $265,515. The trade was a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock worth $181,434,201 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

Institutional Trading of DoorDash

A number of hedge funds have recently added to or reduced their stakes in DASH. Asset Management One Co. Ltd. raised its position in shares of DoorDash by 10.6% in the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after acquiring an additional 10,755 shares during the period. Swedbank AB increased its stake in shares of DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after purchasing an additional 5,539 shares in the last quarter. Forsta AP Fonden raised its holdings in DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares during the period. Sanctuary Advisors LLC raised its holdings in DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after purchasing an additional 3,498 shares during the period. Finally, Baillie Gifford & Co. boosted its position in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

About DoorDash

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.