Elo Mutual Pension Insurance Co Has $5.12 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Elo Mutual Pension Insurance Co grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 13.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,514 shares of the company’s stock after acquiring an additional 3,507 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in DoorDash were worth $5,119,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of DoorDash by 6.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 303,946 shares of the company’s stock worth $53,178,000 after purchasing an additional 18,493 shares during the period. Korea Investment CORP raised its holdings in DoorDash by 19.8% during the 4th quarter. Korea Investment CORP now owns 288,546 shares of the company’s stock worth $48,404,000 after buying an additional 47,676 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in DoorDash by 6.1% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,510 shares of the company’s stock valued at $757,000 after buying an additional 260 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of DoorDash by 1.4% in the fourth quarter. Prudential Financial Inc. now owns 12,181 shares of the company’s stock valued at $2,043,000 after buying an additional 165 shares during the period. Finally, Corebridge Financial Inc. raised its holdings in shares of DoorDash by 0.6% during the fourth quarter. Corebridge Financial Inc. now owns 25,296 shares of the company’s stock worth $4,243,000 after acquiring an additional 148 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $255,525. This trade represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 14,715 shares of DoorDash stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the completion of the sale, the chief financial officer now owns 338,055 shares of the company’s stock, valued at approximately $66,434,568.60. The trade was a 4.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 358,445 shares of company stock valued at $63,443,370. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Trading Up 0.6 %

NASDAQ:DASH opened at $194.02 on Friday. The stock has a 50 day simple moving average of $191.84 and a 200 day simple moving average of $171.37. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The stock has a market cap of $81.51 billion, a P/E ratio of 718.59 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Needham & Company LLC reissued a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. Barclays upped their price target on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald increased their target price on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

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.