Y Intercept Hong Kong Ltd Acquires New Position in DoorDash, Inc. (NASDAQ:DASH)

Y Intercept Hong Kong Ltd bought a new stake in DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, Holdings Channel reports. The firm bought 10,276 shares of the company’s stock, valued at approximately $1,724,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its holdings in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. State Street Corp boosted its holdings in DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after purchasing an additional 272,659 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Geode Capital Management LLC boosted its holdings in DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after purchasing an additional 267,855 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after purchasing an additional 501,905 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on DASH shares. Wolfe Research upped their price objective on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wedbush upped their price objective on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Citigroup upped their price objective on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Truist Financial upped their price objective on shares of DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Price Performance

NASDAQ DASH opened at $191.27 on Wednesday. The firm’s fifty day moving average price is $183.18 and its 200 day moving average price is $162.29. The company has a market capitalization of $80.35 billion, a price-to-earnings ratio of 708.41 and a beta of 1.72. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24.

Insider Activity at DoorDash

In related news, CFO Ravi Inukonda sold 15,198 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. This represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith Yandell sold 8,116 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the sale, the insider now owns 105,162 shares of the company’s stock, 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 have sold 760,662 shares of company stock valued at $134,448,673 in the last ninety days. Insiders own 7.92% of the company’s stock.

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.