Intech Investment Management LLC Sells 289 Shares of DoorDash, Inc. (NASDAQ:DASH)

Intech Investment Management LLC lessened its position in DoorDash, Inc. (NASDAQ:DASH) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 14,583 shares of the company’s stock after selling 289 shares during the period. Intech Investment Management LLC’s holdings in DoorDash were worth $2,446,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Swedbank AB increased its stake in DoorDash by 3.3% in the fourth 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. Sanctuary Advisors LLC increased its stake in DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares in the last quarter. LVW Advisors LLC bought a new stake in DoorDash in the fourth quarter valued at approximately $236,000. Nordea Investment Management AB increased its stake in DoorDash by 37.5% in the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after purchasing an additional 476,360 shares in the last quarter. Finally, Retireful LLC increased its stake in DoorDash by 121.4% in the fourth quarter. Retireful LLC now owns 9,621 shares of the company’s stock valued at $1,614,000 after purchasing an additional 5,275 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Activity

In other news, Director Andy Fang sold 1,398 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,525. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 363,730 shares of company stock valued at $63,922,178 over the last ninety days. 7.92% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DASH shares. The Goldman Sachs Group upped their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price objective on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. BMO Capital Markets reissued an “outperform” rating and set a $240.00 price objective (up previously from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Loop Capital increased their price objective on shares of DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Price Performance

Shares of DASH opened at $192.93 on Friday. The firm has a market capitalization of $81.05 billion, a PE ratio of 714.56 and a beta of 1.70. The company’s 50-day moving average is $189.31 and its 200-day moving average is $168.96. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

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.