DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Aviva PLC

Aviva PLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 1,306.8% during the fourth quarter, Holdings Channel reports. The firm owned 186,790 shares of the company’s stock after purchasing an additional 173,512 shares during the quarter. Aviva PLC’s holdings in DoorDash were worth $31,334,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Resona Asset Management Co. Ltd. purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $15,134,000. Prudential PLC lifted its holdings in shares of DoorDash by 33.5% in the fourth quarter. Prudential PLC now owns 6,871 shares of the company’s stock valued at $1,153,000 after purchasing an additional 1,723 shares in the last quarter. ExodusPoint Capital Management LP lifted its holdings in shares of DoorDash by 39.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 85,917 shares of the company’s stock valued at $14,413,000 after purchasing an additional 24,466 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in shares of DoorDash by 12.9% in the fourth quarter. Motley Fool Asset Management LLC now owns 18,696 shares of the company’s stock worth $3,136,000 after buying an additional 2,134 shares during the period. Finally, Huntington National Bank grew its holdings in shares of DoorDash by 90.9% during the fourth quarter. Huntington National Bank now owns 485 shares of the company’s stock valued at $81,000 after buying an additional 231 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

NASDAQ DASH opened at $163.16 on Monday. The company’s fifty day moving average is $191.90 and its two-hundred day moving average is $174.06. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The firm has a market capitalization of $68.54 billion, a price-to-earnings ratio of 604.30 and a beta of 1.69.

Analyst Ratings Changes

DASH has been the subject of several research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of DoorDash from $198.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday. Benchmark upped their price objective 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. Barclays lifted their target price on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $207.29.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director now owns 18,285 shares of the company’s stock, valued at $3,313,424.85. The trade was a 71.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares of the company’s stock, 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. Insiders have sold a total of 258,523 shares of company stock valued at $47,227,120 over the last three months. 7.92% of the stock is owned by corporate insiders.

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.