Asset Management One Co. Ltd. Sells 341 Shares of DoorDash, Inc. (NASDAQ:DASH)

Asset Management One Co. Ltd. trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,840 shares of the company’s stock after selling 341 shares during the period. Asset Management One Co. Ltd.’s holdings in DoorDash were worth $18,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DASH. Baillie Gifford & Co. increased 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 buying an additional 1,645,186 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after acquiring an additional 739,961 shares during the period. Janus Henderson Group PLC boosted its stake in shares of DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after acquiring an additional 700,465 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of DoorDash by 5,396.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock worth $94,716,000 after acquiring an additional 651,525 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after acquiring an additional 501,905 shares during the period. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the transaction, the director now owns 16,176 shares of the company’s stock, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 932,426 shares of company stock worth $162,990,678. 7.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DASH shares. Benchmark lifted their price objective on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price target (up from $180.00) on shares of DoorDash in a report on Wednesday. Evercore ISI boosted their price objective on DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial increased their target price on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America boosted their price target on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.45.

DoorDash Stock Performance

Shares of DASH opened at $213.38 on Friday. The stock has a market capitalization of $88.64 billion, a price-to-earnings ratio of -474.18, a PEG ratio of 2.04 and a beta of 1.72. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $214.64. The stock has a fifty day moving average of $179.29 and a 200-day moving average of $157.81.

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.