S&CO Inc. Takes Position in DoorDash, Inc. (NASDAQ:DASH)

S&CO Inc. bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,341 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rakuten Securities Inc. increased its holdings in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash during the fourth quarter valued at $29,000. Denver PWM LLC acquired a new position in DoorDash during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the fourth quarter worth about $34,000. Finally, ORG Wealth Partners LLC acquired a new position in DoorDash during the fourth quarter worth about $36,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now owns 105,162 shares in the company, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 572,062 shares of company stock worth $101,051,440. 7.92% of the stock is currently owned by company insiders.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $177.86 on Tuesday. The stock has a market capitalization of $74.72 billion, a P/E ratio of 658.74 and a beta of 1.70. The company’s 50-day moving average is $186.94 and its 200 day moving average is $166.24. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

Analysts Set New Price Targets

DASH has been the topic of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 target price on shares of DoorDash in a research note on Thursday, February 6th. Bank of America upped their price target on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. BMO Capital Markets restated an “outperform” rating and set a $240.00 price objective (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Loop Capital upped their price target on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Finally, Benchmark upped their price target on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.