Royal London Asset Management Ltd. Purchases 7,051 Shares of DoorDash, Inc. (NASDAQ:DASH)

Royal London Asset Management Ltd. boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 4.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 149,593 shares of the company’s stock after acquiring an additional 7,051 shares during the period. Royal London Asset Management Ltd.’s holdings in DoorDash were worth $25,094,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. bought a new stake in DoorDash in the 4th quarter worth $29,000. Denver PWM LLC bought a new stake in shares of DoorDash during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash during the 4th quarter valued at about $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc boosted its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of DoorDash in a research note on Saturday, March 8th. Morgan Stanley lifted their target price on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. The Goldman Sachs Group lifted their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Benchmark boosted their price objective on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Roth Mkm boosted their price objective on shares of DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $206.52.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the sale, the chief financial officer now directly owns 351,970 shares of the company’s stock, valued at approximately $71,840,596.70. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of the company’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 transaction of $3,370,600.00. Following the sale, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $155,927,663.66. This represents 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. Insiders own 7.92% of the company’s stock.

DoorDash Stock Down 1.2 %

DASH opened at $190.62 on Friday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The stock has a market capitalization of $80.08 billion, a price-to-earnings ratio of 706.00 and a beta of 1.70. The firm has a 50 day moving average price of $189.72 and a 200-day moving average price of $169.39.

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.