Artisan Partners Limited Partnership Sells 60,645 Shares of DoorDash, Inc. (NASDAQ:DASH)

Artisan Partners Limited Partnership lowered its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,212,831 shares of the company’s stock after selling 60,645 shares during the period. Artisan Partners Limited Partnership owned about 0.29% of DoorDash worth $203,452,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swedbank AB raised its holdings in DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after purchasing an additional 5,539 shares during the last quarter. Sanctuary Advisors LLC raised its stake in DoorDash by 48.8% during the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after buying an additional 3,498 shares during the last quarter. LVW Advisors LLC acquired a new position in DoorDash in the fourth quarter valued at $236,000. Nordea Investment Management AB boosted its position in DoorDash by 37.5% during the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after acquiring an additional 476,360 shares during the last quarter. Finally, Retireful LLC grew its holdings in DoorDash by 121.4% during the 4th quarter. Retireful LLC now owns 9,621 shares of the company’s stock worth $1,614,000 after acquiring an additional 5,275 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 3.4 %

Shares of DASH opened at $192.87 on Thursday. The stock has a market capitalization of $81.02 billion, a P/E ratio of 714.33 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm has a fifty day simple moving average of $191.37 and a two-hundred day simple moving average of $171.21.

Analyst Ratings Changes

Several research firms have weighed in on DASH. Barclays lifted their price target on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Wells Fargo & Company raised their price target on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. Finally, Mizuho upped their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

Insider Activity

In related news, COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 925,222 shares in the company, valued at $155,927,663.66. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total value of $18,454,356.20. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,525. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 378,445 shares of company stock valued at $66,813,970. Insiders own 7.92% of the company’s stock.

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.