DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 635,856 shares of the company’s stock after selling 27,743 shares during the period. Thrivent Financial for Lutherans owned 0.15% of DoorDash worth $106,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DASH. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the 4th quarter worth approximately $29,000. Denver PWM LLC acquired a new stake in DoorDash in the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC acquired a new stake in DoorDash in the 4th quarter worth approximately $36,000. Finally, IFP Advisors Inc boosted its stake in DoorDash by 31.8% in the 4th 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 currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the transaction, the chief financial officer now owns 351,970 shares in the company, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $168.53, for a total value of $3,370,600.00. Following the sale, the chief operating officer now owns 925,222 shares of the company’s stock, valued at approximately $155,927,663.66. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 363,730 shares of company stock worth $63,922,178 in the last 90 days. 7.92% of the stock is owned by company insiders.

DoorDash Stock Up 3.5 %

DASH opened at $189.86 on Tuesday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm has a market capitalization of $79.76 billion, a P/E ratio of 703.19 and a beta of 1.70. The stock’s 50 day moving average price is $188.28 and its two-hundred day moving average price is $168.24.

Analyst Ratings Changes

Several analysts have commented on DASH shares. Royal Bank of Canada lifted their price objective on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Piper Sandler restated a “neutral” rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. UBS Group lifted their price objective on shares of DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley lifted their price objective on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Wolfe Research lifted their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

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.