American Century Companies Inc. Grows Position in DoorDash, Inc. (NASDAQ:DASH)

American Century Companies Inc. grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 852,540 shares of the company’s stock after purchasing an additional 116,551 shares during the quarter. American Century Companies Inc.’s holdings in DoorDash were worth $143,014,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DASH. State Street Corp lifted its stake in DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after acquiring an additional 272,659 shares during the period. Janus Henderson Group PLC lifted its stake in DoorDash by 14.5% in the third 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. Geode Capital Management LLC lifted its position in DoorDash by 6.4% during the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after buying an additional 267,855 shares during the period. Franklin Resources Inc. lifted its position in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after buying an additional 501,905 shares during the period. Finally, Two Sigma Advisers LP lifted its position in DoorDash by 7.9% during the third quarter. Two Sigma Advisers LP now owns 3,466,100 shares of the company’s stock valued at $494,716,000 after buying an additional 252,600 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Trading Down 1.2 %

NASDAQ DASH opened at $190.62 on Monday. The stock’s 50 day moving average is $189.72 and its 200 day moving average is $170.01. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The stock has a market cap of $80.08 billion, a PE ratio of 706.00 and a beta of 1.70.

Insider Buying and Selling

In related news, General Counsel Tia Sherringham sold 12,088 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the transaction, the chief financial officer now directly owns 351,970 shares in the company, valued at approximately $71,840,596.70. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 363,730 shares of company stock valued at $63,922,178. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the subject of several analyst reports. Morgan Stanley raised their price target on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. UBS Group raised their price target on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. KeyCorp raised their price target on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. The Goldman Sachs Group raised their price target on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

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.