DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Lessened by Blue Trust Inc.

Blue Trust Inc. cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 78.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 508 shares of the company’s stock after selling 1,865 shares during the quarter. Blue Trust Inc.’s holdings in DoorDash were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in DoorDash by 5,396.1% in the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after acquiring an additional 651,525 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of DoorDash by 37.5% during the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock worth $294,701,000 after purchasing an additional 476,360 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on DASH. Roth Mkm raised their price objective on shares of DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Benchmark lifted their target price on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Susquehanna lifted their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Finally, Bank of America boosted their price objective on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.45.

DoorDash Trading Down 1.1 %

NASDAQ:DASH opened at $199.94 on Monday. The stock has a market capitalization of $83.99 billion, a price-to-earnings ratio of 740.52 and a beta of 1.72. The firm has a fifty day simple moving average of $182.56 and a two-hundred day simple moving average of $161.31. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 108,334 shares of DoorDash stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $270,105. This trade represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 812,035 shares of company stock worth $142,357,630. 7.92% of the stock is currently owned by company insiders.

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.