DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,335 shares of the company’s stock after acquiring an additional 97 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in DoorDash were worth $392,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Baillie Gifford & Co. lifted its position in shares of DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of DoorDash during the fourth quarter worth about $146,094,000. Janus Henderson Group PLC lifted its position in shares of DoorDash by 14.5% during the third 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. Thrivent Financial for Lutherans lifted its position in shares of DoorDash by 5,396.1% during the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock worth $94,716,000 after purchasing an additional 651,525 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of DoorDash by 15.2% during the third 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 currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00. Following the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the transaction, the general counsel now owns 122,135 shares in the company, valued at approximately $24,848,365.75. This trade represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 572,062 shares of company stock worth $101,051,440. 7.92% of the stock is owned by insiders.

DoorDash Price Performance

NASDAQ DASH opened at $178.08 on Friday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The firm has a market capitalization of $74.81 billion, a PE ratio of 659.56 and a beta of 1.70. The company’s 50 day simple moving average is $186.78 and its 200 day simple moving average is $165.64.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Roth Mkm increased their price target 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. Bank of America increased their price target on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Royal Bank of Canada raised their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Susquehanna raised their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.