Savant Capital LLC Has $786,000 Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Savant Capital LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 65.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,686 shares of the company’s stock after purchasing an additional 1,848 shares during the period. Savant Capital LLC’s holdings in DoorDash were worth $786,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DASH. Baillie Gifford & Co. grew its stake in 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 acquiring an additional 1,645,186 shares during the period. State Street Corp grew its stake in DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after acquiring an additional 272,659 shares during the period. Janus Henderson Group PLC grew its stake in DoorDash by 14.5% in the third 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 during the period. Geode Capital Management LLC grew its stake in DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after acquiring an additional 267,855 shares during the period. Finally, Franklin Resources Inc. grew its stake in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after acquiring an additional 501,905 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DASH shares. The Goldman Sachs Group raised their price objective on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group raised their target price on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday. Jefferies Financial Group raised their target price on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Loop Capital raised their target price on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $205.45.

DoorDash Stock Performance

NASDAQ:DASH opened at $213.38 on Friday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $214.64. The firm has a market cap of $88.64 billion, a price-to-earnings ratio of -474.18, a PEG ratio of 2.04 and a beta of 1.72. The business’s fifty day moving average is $179.29 and its 200 day moving average is $157.81.

Insider Activity at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,950 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,201,241.00. Following the transaction, the general counsel now directly owns 145,917 shares in the company, valued at $24,802,971.66. This represents a 8.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony Xu sold 115,432 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $265,515. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 932,426 shares of company stock worth $162,990,678. 7.92% of the stock is owned by company insiders.

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.