DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,323,404 shares of the company’s stock after buying an additional 317,502 shares during the period. Vanguard Group Inc. owned approximately 0.08% of DoorDash worth $5,254,501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp boosted its holdings in shares of 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 buying an additional 272,659 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of 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 buying an additional 700,465 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 267,855 shares during the period. Franklin Resources Inc. boosted its holdings in shares of 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 buying an additional 501,905 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of DoorDash by 7.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,466,100 shares of the company’s stock valued at $494,716,000 after buying an additional 252,600 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the transaction, the chief financial officer now directly owns 351,970 shares of the company’s stock, valued at $71,840,596.70. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andy Fang sold 1,398 shares of the business’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 $284,423.10. Following the transaction, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 363,730 shares of company stock valued at $63,922,178 over the last ninety days. Corporate insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Barclays lifted their price objective 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. Oppenheimer reiterated a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. 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 report on Wednesday, February 12th. Finally, Wedbush lifted their price objective on shares of DoorDash from $160.00 to $210.00 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Price Performance

DoorDash stock opened at $190.62 on Monday. The firm’s 50 day simple moving average is $189.72 and its 200-day simple moving average is $170.01. The company has a market cap of $80.08 billion, a P/E ratio of 706.00 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

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.