Charles Schwab Investment Management Inc. Increases Position in DoorDash, Inc. (NASDAQ:DASH)

Charles Schwab Investment Management Inc. raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,418,192 shares of the company’s stock after acquiring an additional 76,532 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.34% of DoorDash worth $237,902,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Rakuten Securities Inc. boosted its position in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the last quarter. Pittenger & Anderson Inc. purchased a new position in DoorDash during the fourth quarter worth about $29,000. Denver PWM LLC acquired a new position in DoorDash in the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the 4th quarter worth approximately $36,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DASH has been the subject of several analyst reports. Royal Bank of Canada increased their price objective on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. UBS Group increased their price target on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Wedbush upped their target price on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Barclays increased their target price on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $180.11 on Friday. The business has a 50-day moving average of $186.60 and a two-hundred day moving average of $165.04. The company has a market capitalization of $75.66 billion, a price-to-earnings ratio of 667.07 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00. Following the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at $2,857,652.16. This trade represents a 75.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 572,062 shares of company stock valued at $101,051,440. Corporate insiders own 7.92% of the company’s stock.

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.