Mount Lucas Management LP Has $306,000 Stake in DoorDash, Inc. (NASDAQ:DASH)

Mount Lucas Management LP trimmed its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 17.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,823 shares of the company’s stock after selling 386 shares during the period. Mount Lucas Management LP’s holdings in DoorDash were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Baillie Gifford & Co. increased its stake in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the period. State Street Corp boosted its position in shares of DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after purchasing an additional 272,659 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after purchasing an additional 267,855 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Down 0.1 %

Shares of NASDAQ:DASH opened at $177.86 on Tuesday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The stock has a market cap of $74.72 billion, a PE ratio of 658.74 and a beta of 1.70. The business has a 50 day moving average of $186.94 and a 200-day moving average of $166.24.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent research reports. Bank of America raised their price target on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Barclays lifted their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Wells Fargo & Company lifted their target price on DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Wolfe Research lifted their target price on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Truist Financial lifted their target price on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $206.52.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $176.66, for a total value of $8,833,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,857,652.16. The trade was a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the sale, the insider now owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 572,062 shares of company stock worth $101,051,440. Company insiders own 7.92% of the company’s stock.

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.