DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in DoorDash, Inc. (NASDAQ:DASH) by 8.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 81,872 shares of the company’s stock after acquiring an additional 6,196 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in DoorDash were worth $13,867,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its holdings in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB grew its position in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of DoorDash in the third quarter valued at approximately $54,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,375. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

DASH has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their price target on DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. DA Davidson upped their price target on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Barclays upped their price target on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Citigroup increased their price objective on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $179.39.

DoorDash Price Performance

DoorDash stock opened at $196.45 on Friday. The stock’s fifty day moving average is $176.55 and its two-hundred day moving average is $153.45. The stock has a market cap of $81.61 billion, a PE ratio of -436.56, a P/E/G ratio of 1.97 and a beta of 1.72. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $196.98.

DoorDash Company 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.