Jones Financial Companies Lllp Grows Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Jones Financial Companies Lllp lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 36.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,926 shares of the company’s stock after purchasing an additional 512 shares during the quarter. Jones Financial Companies Lllp’s holdings in DoorDash were worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Swedbank AB increased its position in shares of DoorDash by 3.3% during the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after acquiring an additional 5,539 shares during the period. Sanctuary Advisors LLC increased its position in shares of DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. LVW Advisors LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at about $236,000. Finally, Nordea Investment Management AB grew its holdings 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 buying an additional 476,360 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DoorDash

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $268,110. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 572,062 shares of company stock valued at $101,051,440 in the last 90 days. 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 analyst reports. Evercore ISI reaffirmed an “outperform” rating on shares of DoorDash in a report on Monday. Wedbush boosted their price objective on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their price objective on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Stock Up 3.3 %

NASDAQ:DASH opened at $183.73 on Wednesday. The stock’s fifty day simple moving average is $187.26 and its 200-day simple moving average is $166.63. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm has a market capitalization of $77.18 billion, a P/E ratio of 680.48 and a beta of 1.70.

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.