4,000 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new position in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $683,000.

Other large investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its holdings in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. State Street Corp raised its position in 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 last quarter. Janus Henderson Group PLC lifted its stake in 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 acquiring an additional 700,465 shares in the last quarter. Geode Capital Management LLC boosted its position in DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after acquiring an additional 267,855 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $198.60 on Thursday. The firm has a 50-day moving average of $183.84 and a 200-day moving average of $162.54. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The stock has a market cap of $83.43 billion, a PE ratio of 735.56 and a beta of 1.72.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now owns 14,778 shares in the company, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 115,432 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $265,515. The trade was a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 760,662 shares of company stock worth $134,448,673 in the last quarter. 7.92% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DASH has been the topic of a number of research reports. Needham & Company LLC boosted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Citigroup boosted their price target on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Bank of America raised their price objective on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wedbush upped their target price on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, JMP Securities reissued a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

About DoorDash

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.