Freestone Capital Holdings LLC Sells 5,371 Shares of DoorDash, Inc. (NASDAQ:DASH)

Freestone Capital Holdings LLC trimmed its position in DoorDash, Inc. (NASDAQ:DASH) by 74.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,798 shares of the company’s stock after selling 5,371 shares during the quarter. Freestone Capital Holdings LLC’s holdings in DoorDash were worth $302,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DASH. Baillie Gifford & Co. lifted its stake in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of DoorDash in the fourth quarter worth $146,094,000. Janus Henderson Group PLC raised its position in shares of 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 buying an additional 700,465 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in DoorDash by 5,396.1% during the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after buying an additional 651,525 shares during the period. Finally, Franklin Resources Inc. boosted its stake 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. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In other news, General Counsel Tia Sherringham sold 12,088 shares of the firm’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 completion of the transaction, the general counsel now owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $268,110. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 572,062 shares of company stock valued at $101,051,440. 7.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent 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. Barclays lifted their target price on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Bank of America increased their price target on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. UBS Group lifted their price objective on shares of DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald upped their target price on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Stock Performance

DASH opened at $178.08 on Friday. The stock has a market capitalization of $74.81 billion, a PE ratio of 659.56 and a beta of 1.70. The stock’s 50 day moving average price is $186.60 and its 200-day moving average price is $165.04. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24.

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.