EFG Asset Management North America Corp. Has $2.88 Million Position in DoorDash, Inc. (NASDAQ:DASH)

EFG Asset Management North America Corp. decreased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,170 shares of the company’s stock after selling 778 shares during the quarter. EFG Asset Management North America Corp.’s holdings in DoorDash were worth $2,880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DASH. PNC Financial Services Group Inc. increased its stake in DoorDash by 4.3% in the third quarter. PNC Financial Services Group Inc. now owns 16,565 shares of the company’s stock valued at $2,364,000 after acquiring an additional 676 shares during the period. Commerce Bank boosted its holdings in DoorDash by 63.9% during the third quarter. Commerce Bank now owns 6,525 shares of the company’s stock valued at $931,000 after purchasing an additional 2,543 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in DoorDash by 7.2% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 38,819 shares of the company’s stock valued at $5,541,000 after purchasing an additional 2,602 shares in the last quarter. Raymond James Trust N.A. bought a new stake in shares of DoorDash in the 3rd quarter valued at approximately $216,000. Finally, Cerity Partners LLC raised its holdings in shares of DoorDash by 13.7% in the 3rd quarter. Cerity Partners LLC now owns 87,944 shares of the company’s stock worth $12,552,000 after buying an additional 10,630 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $198.98 on Tuesday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The stock has a market cap of $83.59 billion, a P/E ratio of 736.96 and a beta of 1.70. The firm has a 50 day moving average price of $190.33 and a 200 day moving average price of $170.52.

Insider Activity

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $170.01, for a total transaction of $8,500,500.00. Following the sale, the director now owns 16,176 shares of the company’s stock, valued at $2,750,081.76. This trade represents a 75.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 owns 925,222 shares of the company’s stock, valued at $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. Insiders sold 363,730 shares of company stock valued at $63,922,178 in the last quarter. Company insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a research note on Monday, March 3rd. Wolfe Research boosted their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Roth Mkm increased their target price on shares of DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Truist Financial boosted their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, KeyCorp raised their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $206.52.

DoorDash 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.