iA Global Asset Management Inc. Has $8.54 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

iA Global Asset Management Inc. increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 29.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,907 shares of the company’s stock after purchasing an additional 11,699 shares during the quarter. iA Global Asset Management Inc.’s holdings in DoorDash were worth $8,540,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. IFP Advisors Inc boosted its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the last quarter. Avestar Capital LLC boosted its holdings in DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after purchasing an additional 75 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after purchasing an additional 84 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in DoorDash by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 1,398 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction dated Thursday, February 20th. The stock was 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 in the company, valued at $24,848,365.75. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 363,730 shares of company stock worth $63,922,178 over the last ninety days. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Up 1.2 %

Shares of DoorDash stock opened at $192.93 on Friday. The company has a market capitalization of $81.05 billion, a price-to-earnings ratio of 714.56 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm’s 50-day moving average price is $189.31 and its two-hundred day moving average price is $168.96.

Analyst Ratings Changes

DASH has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Barclays upped their price target on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Cantor Fitzgerald upped their price target on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research report on Thursday, February 6th. Finally, Benchmark upped their price target on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

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.