DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 29.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,288 shares of the company’s stock after selling 6,769 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in DoorDash were worth $2,732,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its position in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC purchased a new position in DoorDash in the fourth quarter worth $36,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the transaction, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Keith Yandell sold 8,116 shares of the company’s stock in a transaction 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 sale, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 572,062 shares of company stock valued at $101,051,440 in the last 90 days. 7.92% of the stock is currently owned by insiders.

DoorDash Trading Up 3.3 %

NASDAQ DASH opened at $183.73 on Wednesday. The business’s 50-day moving average price is $187.26 and its 200 day moving average price is $166.63. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The company has a market capitalization of $77.18 billion, a PE ratio of 680.48 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DASH shares. Morgan Stanley boosted their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Wedbush boosted their price objective on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Roth Mkm increased their target price on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. UBS Group boosted their price target on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, KeyCorp raised their price objective on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Ten equities research 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

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.