DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management lowered its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,692 shares of the company’s stock after selling 8,045 shares during the quarter. Picton Mahoney Asset Management’s holdings in DoorDash were worth $22,594,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DASH. Principal Financial Group Inc. increased its holdings in shares of DoorDash by 25.0% during the third quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock valued at $12,958,000 after acquiring an additional 18,155 shares in the last quarter. Assetmark Inc. increased its holdings in shares of DoorDash by 17.4% during the third quarter. Assetmark Inc. now owns 3,519 shares of the company’s stock valued at $502,000 after acquiring an additional 522 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after buying an additional 119 shares during the period. Apollon Wealth Management LLC acquired a new position in DoorDash in the 3rd quarter worth approximately $219,000. Finally, GSA Capital Partners LLP increased its holdings in DoorDash by 93.2% in the 3rd quarter. GSA Capital Partners LLP now owns 7,690 shares of the company’s stock worth $1,098,000 after buying an additional 3,710 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now owns 105,162 shares in the company, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $268,110. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 522,062 shares of company stock worth $92,218,440. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $183.50 on Friday. The stock’s fifty day moving average is $187.99 and its two-hundred day moving average is $167.24. The firm has a market capitalization of $77.09 billion, a P/E ratio of 679.63 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

Analysts Set New Price Targets

Several brokerages recently weighed in on DASH. Truist Financial increased their price target on shares of DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Morgan Stanley increased their price target on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. UBS Group increased their price target on shares of DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Oppenheimer reiterated a “hold” rating on shares of DoorDash in a report on Monday. Finally, Loop Capital increased their price target on shares of DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.52.

About DoorDash

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.