Global Retirement Partners LLC Acquires 232 Shares of DoorDash, Inc. (NASDAQ:DASH)

Global Retirement Partners LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,897 shares of the company’s stock after buying an additional 232 shares during the quarter. Global Retirement Partners LLC’s holdings in DoorDash were worth $318,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Janus Henderson Group PLC boosted its holdings in DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares during the period. Franklin Resources Inc. raised its holdings 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 worth $570,135,000 after buying an additional 501,905 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of DoorDash by 37.5% during the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock worth $294,701,000 after buying an additional 476,360 shares during the period. 90.64% of the stock is owned by institutional investors.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 115,432 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $265,515. The trade was a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $176.66, for a total value of $8,833,000.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,857,652.16. This represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 760,662 shares of company stock worth $134,448,673 in the last ninety days. Company insiders own 7.92% of the company’s stock.

DoorDash Trading Down 2.0 %

Shares of DASH opened at $195.87 on Tuesday. The stock has a market cap of $82.28 billion, a P/E ratio of 725.44 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The stock’s 50-day moving average price is $182.89 and its two-hundred day moving average price is $161.81.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group upped their price target on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. DA Davidson increased their target price on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Evercore ISI lifted their price target on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 target price (up previously from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $206.52.

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.