Plato Investment Management Ltd Has $1.51 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Plato Investment Management Ltd grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,946 shares of the company’s stock after buying an additional 174 shares during the period. Plato Investment Management Ltd’s holdings in DoorDash were worth $1,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rakuten Securities Inc. increased its stake in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the fourth quarter worth about $29,000. Denver PWM LLC bought a new position in shares of DoorDash in the fourth quarter worth about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash in the fourth quarter worth about $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DoorDash in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH opened at $198.10 on Tuesday. The company has a market capitalization of $83.22 billion, a P/E ratio of 733.70 and a beta of 1.72. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.24. The business’s 50 day simple moving average is $185.52 and its 200-day simple moving average is $164.27.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. UBS Group lifted their price objective on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price target on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Piper Sandler restated a “neutral” rating and set a $210.00 price target (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, Truist Financial boosted their price target on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $206.52.

Insiders Place Their Bets

In other news, insider Keith Yandell sold 4,474 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $177.36, for a total transaction of $793,508.64. Following the completion of the sale, the insider now owns 114,238 shares in the company, valued at $20,261,251.68. The trade was a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at approximately $2,857,652.16. This represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 576,536 shares of company stock valued at $101,844,949. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Company 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.