2,156 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by AIA Group Ltd

AIA Group Ltd purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,156 shares of the company’s stock, valued at approximately $362,000.

A number of other institutional investors also recently added to or reduced their stakes in DASH. IFP Advisors Inc raised 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 worth $37,000 after buying an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake 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 acquiring an additional 69 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after acquiring an additional 75 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake 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 purchasing an additional 84 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake 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 purchasing an additional 88 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DASH has been the subject of a number of recent analyst reports. FBN Securities started coverage on shares of DoorDash in a research report on Friday, March 28th. They set an “outperform” rating and a $230.00 target price for the company. KeyCorp lifted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Truist Financial boosted their target price on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Oppenheimer reaffirmed a “hold” rating on shares of DoorDash in a report on Monday, March 10th. Finally, Wolfe Research boosted their price objective on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $207.21.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $185.58, for a total value of $3,711,600.00. Following the transaction, the chief operating officer now owns 887,348 shares of the company’s stock, valued at approximately $164,674,041.84. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ravi Inukonda sold 15,198 shares of the 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 sale, the chief financial officer now directly owns 351,970 shares of the company’s stock, valued at $71,840,596.70. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 371,445 shares of company stock valued at $65,969,730. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Down 0.2 %

Shares of DASH stock opened at $182.42 on Wednesday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm has a fifty day moving average of $192.25 and a 200-day moving average of $173.12. The firm has a market capitalization of $76.63 billion, a price-to-earnings ratio of 675.63 and a beta of 1.70.

DoorDash Company 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.