Amundi Buys 554,675 Shares of DoorDash, Inc. (NASDAQ:DASH)

Amundi increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 65.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,407,884 shares of the company’s stock after acquiring an additional 554,675 shares during the quarter. Amundi’s holdings in DoorDash were worth $244,578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DASH. Rakuten Securities Inc. boosted its position in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after acquiring an additional 130 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the fourth quarter worth $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash during the fourth quarter valued at $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in DoorDash during the fourth quarter valued at $36,000. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DASH. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Truist Financial upped their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Benchmark increased their target price on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

Insider Transactions at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the sale, the general counsel now owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $268,110. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 572,062 shares of company stock valued at $101,051,440 in the last 90 days. Insiders own 7.92% of the company’s stock.

DoorDash Stock Down 1.1 %

Shares of DoorDash stock opened at $178.08 on Monday. The firm’s 50 day moving average price is $186.78 and its 200-day moving average price is $165.90. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The company has a market cap of $74.81 billion, a P/E ratio of 659.56 and a beta of 1.70.

DoorDash 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.