Huntington National Bank Raises Position in DoorDash, Inc. (NASDAQ:DASH)

Huntington National Bank boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 90.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 485 shares of the company’s stock after purchasing an additional 231 shares during the period. Huntington National Bank’s holdings in DoorDash were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $170.01, for a total transaction of $8,500,500.00. Following the sale, the director now owns 16,176 shares of the company’s stock, valued at approximately $2,750,081.76. This represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,523 shares of company stock worth $47,227,120 in the last ninety days. 7.92% of the stock is owned by company insiders.

DoorDash Stock Down 6.2 %

NASDAQ DASH opened at $163.16 on Monday. The company has a 50-day simple moving average of $191.90 and a two-hundred day simple moving average of $174.06. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm has a market cap of $68.54 billion, a price-to-earnings ratio of 604.30 and a beta of 1.69.

Analysts Set New Price Targets

Several research analysts recently commented on DASH shares. Bank of America raised their price objective on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Susquehanna raised their price target on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price objective (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Oppenheimer reissued a “hold” rating on shares of DoorDash in a report on Monday, March 10th. Finally, KeyCorp lifted their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.29.

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.