Candriam S.C.A. Has $3.61 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Candriam S.C.A. grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,535 shares of the company’s stock after purchasing an additional 2,285 shares during the quarter. Candriam S.C.A.’s holdings in DoorDash were worth $3,612,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of DASH. Baillie Gifford & Co. boosted 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 worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of DoorDash during the fourth quarter valued at $146,094,000. Janus Henderson Group PLC lifted its stake in shares of 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 acquiring an additional 700,465 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of DoorDash by 5,396.1% during the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after acquiring an additional 651,525 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after acquiring an additional 501,905 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other news, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the sale, the insider now owns 105,162 shares in the company, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $268,110. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 572,062 shares of company stock worth $101,051,440. 7.92% of the stock is owned by insiders.

DoorDash Stock Performance

NASDAQ:DASH opened at $178.08 on Friday. The stock has a 50-day simple moving average of $186.78 and a 200 day simple moving average of $165.64. The company has a market cap of $74.81 billion, a PE ratio of 659.56 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24.

Analyst Upgrades and Downgrades

DASH has been the topic of several research reports. Cantor Fitzgerald upped their price target on DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Bank of America upped their price target on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Barclays upped their price target on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Mizuho upped 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. Finally, Truist Financial increased their target price on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.