Mitsubishi UFJ Trust & Banking Corp Decreases Position in DoorDash, Inc. (NYSE:DASH)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of DoorDash, Inc. (NYSE:DASHFree Report) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 583,245 shares of the company’s stock after selling 6,585 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.15% of DoorDash worth $46,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Newlands Management Operations LLC lifted its holdings in shares of DoorDash by 94.8% during the 2nd quarter. Newlands Management Operations LLC now owns 7,050,680 shares of the company’s stock valued at $538,813,000 after purchasing an additional 3,430,729 shares during the last quarter. Norges Bank purchased a new stake in shares of DoorDash during the 4th quarter valued at $132,721,000. Vanguard Group Inc. lifted its holdings in shares of DoorDash by 18.8% during the 1st quarter. Vanguard Group Inc. now owns 12,862,889 shares of the company’s stock valued at $1,507,402,000 after purchasing an additional 2,032,637 shares during the last quarter. Capital World Investors lifted its holdings in shares of DoorDash by 29.6% during the 2nd quarter. Capital World Investors now owns 7,994,552 shares of the company’s stock valued at $610,944,000 after purchasing an additional 1,827,676 shares during the last quarter. Finally, Amundi lifted its holdings in shares of DoorDash by 1,801.6% during the 4th quarter. Amundi now owns 1,797,416 shares of the company’s stock valued at $93,106,000 after purchasing an additional 1,702,894 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DASH. Piper Sandler raised their target price on DoorDash from $47.00 to $51.00 and gave the stock an “underweight” rating in a research note on Thursday, November 2nd. Roth Mkm raised their target price on DoorDash from $92.00 to $109.00 and gave the stock a “neutral” rating in a research note on Friday, January 19th. Jefferies Financial Group upgraded DoorDash from a “hold” rating to a “buy” rating and raised their target price for the stock from $90.00 to $130.00 in a research note on Monday, January 8th. JMP Securities raised their target price on DoorDash from $113.00 to $130.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Finally, Truist Financial raised their target price on DoorDash from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $104.33.

View Our Latest Stock Report on DoorDash

DoorDash Trading Up 0.9 %

DASH stock opened at $119.31 on Friday. DoorDash, Inc. has a 12-month low of $51.50 and a 12-month high of $119.79. The business’s 50-day moving average is $103.18 and its 200 day moving average is $89.73.

Insider Buying and Selling

In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $104.93, for a total transaction of $13,882,239.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $104.93, for a total transaction of $13,882,239.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $86.70, for a total transaction of $86,700.00. Following the sale, the chief accounting officer now directly owns 100,412 shares in the company, valued at approximately $8,705,720.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 571,200 shares of company stock worth $56,958,959. Insiders own 9.59% of the company’s stock.

About DoorDash

(Free Report)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.

See Also

Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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