DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 43.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,658 shares of the company’s stock after purchasing an additional 10,228 shares during the period. Harvest Fund Management Co. Ltd’s holdings in DoorDash were worth $5,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. IFP Advisors Inc lifted its holdings in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after buying an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after buying an additional 69 shares during the period. Avestar Capital LLC lifted its holdings in shares of DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after buying an additional 84 shares during the period. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of DoorDash by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

DASH opened at $185.21 on Wednesday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The stock has a market capitalization of $77.81 billion, a PE ratio of 685.96 and a beta of 1.70. The business’s 50 day moving average price is $188.59 and its 200 day moving average price is $168.64.

Insider Activity at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the transaction, the chief financial officer now directly owns 351,970 shares in the company, valued at $71,840,596.70. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith Yandell sold 8,116 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the transaction, the insider now owns 105,162 shares in the company, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 363,730 shares of company stock worth $63,922,178. Insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DASH shares. Royal Bank of Canada boosted their price objective on DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Morgan Stanley lifted their price target on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Mizuho lifted their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Susquehanna lifted their price target on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Finally, Needham & Company LLC restated a “buy” rating on shares of DoorDash in a research note on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.