St. Louis Trust Co Takes Position in DoorDash, Inc. (NASDAQ:DASH)

St. Louis Trust Co bought a new stake in DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,214 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its stake in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. purchased a new stake in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC acquired a new position in DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash during the fourth quarter worth about $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DoorDash stock opened at $183.73 on Wednesday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The business has a 50 day moving average price of $187.26 and a 200 day moving average price of $166.63. The company has a market capitalization of $77.18 billion, a P/E ratio of 680.48 and a beta of 1.70.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of research analyst reports. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Wells Fargo & Company raised their price objective on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Benchmark increased their target price on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, UBS Group boosted their price target on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $178.74, for a total transaction 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 $268,110. The trade was a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares in the company, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 572,062 shares of company stock valued at $101,051,440. Corporate 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.