Natixis Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Natixis acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 134,056 shares of the company’s stock, valued at approximately $22,488,000.

Several other institutional investors also recently modified their holdings of DASH. NWK Group Inc. increased its position in DoorDash by 2.3% during the fourth quarter. NWK Group Inc. now owns 32,165 shares of the company’s stock worth $5,396,000 after buying an additional 719 shares during the last quarter. Norinchukin Bank The increased its holdings in shares of DoorDash by 9.2% during the 4th quarter. Norinchukin Bank The now owns 3,901 shares of the company’s stock worth $654,000 after acquiring an additional 328 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in DoorDash by 143.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 32,942 shares of the company’s stock valued at $5,526,000 after acquiring an additional 19,410 shares during the period. Capital World Investors lifted its holdings in DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Finally, Epoch Investment Partners Inc. bought a new position in DoorDash during the fourth quarter worth $497,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the sale, the director now owns 18,285 shares of the company’s stock, valued at approximately $3,313,424.85. The trade was a 71.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 8,116 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the sale, the insider now owns 105,162 shares in the company, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,511 shares of company stock valued at $30,308,544 over the last three months. 7.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DASH. Susquehanna increased their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Loop Capital increased their target price 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. BMO Capital Markets reissued an “outperform” rating and set a $240.00 target price (up from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. Evercore ISI reissued an “outperform” rating on shares of DoorDash in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of DoorDash from $205.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.88.

DoorDash Trading Up 1.0 %

NASDAQ DASH opened at $181.24 on Friday. The stock has a market cap of $76.14 billion, a PE ratio of 671.26 and a beta of 1.69. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The company’s 50-day moving average price is $188.90 and its 200-day moving average price is $176.44.

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.