DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,231 shares of the company’s stock after selling 358 shares during the period. DoorDash accounts for about 0.7% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 12th biggest holding. Cornercap Investment Counsel Inc.’s holdings in DoorDash were worth $2,052,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of DoorDash during the fourth quarter worth $597,443,000. Raymond James Financial Inc. acquired a new position in DoorDash during the 4th quarter worth $146,094,000. Janus Henderson Group PLC increased its holdings in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares during the period. Amundi raised its position in DoorDash by 65.0% in the 4th quarter. Amundi now owns 1,407,884 shares of the company’s stock valued at $244,578,000 after purchasing an additional 554,675 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after buying an additional 501,905 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DASH shares. KeyCorp upped their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Citigroup reissued a “buy” rating on shares of DoorDash in a research report on Saturday, March 8th. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 target price (up previously from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, UBS Group raised their price target on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.21.

DoorDash Trading Down 5.9 %

Shares of DASH stock opened at $182.61 on Friday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The company has a market cap of $76.71 billion, a price-to-earnings ratio of 676.33 and a beta of 1.70. The stock has a 50 day simple moving average of $192.00 and a 200-day simple moving average of $171.77.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $169.32, for a total transaction of $1,185,240.00. Following the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at approximately $62,139,254.76. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 8,116 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now owns 105,162 shares in the company, valued at $21,395,208.90. The trade was a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 358,445 shares of company stock worth $63,443,370. 7.92% of the stock is owned by corporate 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.