DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 508,136 shares of the company’s stock after selling 30,980 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in DoorDash were worth $85,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the fourth quarter worth $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash during the fourth quarter worth about $34,000. ORG Wealth Partners LLC bought a new stake in DoorDash in the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc grew its position in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Up 4.4 %

Shares of NASDAQ DASH opened at $198.98 on Tuesday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The business has a fifty day simple moving average of $190.33 and a 200 day simple moving average of $170.52. The firm has a market capitalization of $83.59 billion, a price-to-earnings ratio of 736.96 and a beta of 1.70.

Insider Activity

In other DoorDash news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $255,525. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 12,088 shares of the 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 363,730 shares of company stock worth $63,922,178. 7.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DASH has been the subject of several analyst reports. Evercore ISI reiterated an “outperform” rating on shares of DoorDash in a research report on Monday, March 10th. Bank of America boosted their price target on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price target on DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Finally, Loop Capital lifted their target price on DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash 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.