Primecap Management Co. CA Sells 1,290 Shares of DoorDash, Inc. (NASDAQ:DASH)

Primecap Management Co. CA decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 128,870 shares of the company’s stock after selling 1,290 shares during the period. Primecap Management Co. CA’s holdings in DoorDash were worth $21,618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DASH. Signaturefd LLC grew its holdings in DoorDash by 2.9% during the 4th quarter. Signaturefd LLC now owns 5,026 shares of the company’s stock valued at $843,000 after buying an additional 141 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in DoorDash by 9.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,205 shares of the company’s stock valued at $1,209,000 after buying an additional 594 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in DoorDash during the 4th quarter valued at approximately $4,143,000. LBP AM SA purchased a new stake in DoorDash during the 4th quarter valued at approximately $5,115,000. Finally, Parnassus Investments LLC purchased a new stake in DoorDash during the 4th quarter valued at approximately $798,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 2.9 %

Shares of NASDAQ DASH opened at $190.66 on Thursday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The firm has a market cap of $80.10 billion, a P/E ratio of 706.15 and a beta of 1.70. The business’s 50 day moving average price is $188.93 and its 200 day moving average price is $168.79.

Wall Street Analyst Weigh In

DASH has been the subject of a number of recent research reports. The Goldman Sachs Group raised their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Susquehanna raised their target price on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. Wells Fargo & Company raised their target price on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Benchmark raised their target price on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Bank of America raised their target price on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.52.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $168.53, for a total value of $3,370,600.00. Following the completion of the transaction, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at $155,927,663.66. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 363,730 shares of company stock valued at $63,922,178. 7.92% of the stock is owned by company insiders.

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.