Wilmington Savings Fund Society FSB Acquires 2,805 Shares of DoorDash, Inc. (NASDAQ:DASH)

Wilmington Savings Fund Society FSB increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 36.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,576 shares of the company’s stock after purchasing an additional 2,805 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in DoorDash were worth $1,774,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. grew its holdings in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares in the last quarter. Swedbank AB lifted its position in DoorDash by 3.3% during the fourth 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 period. Forsta AP Fonden grew its stake in DoorDash by 18.6% during the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after buying an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after buying an additional 3,498 shares during the period. Finally, Baillie Gifford & Co. raised its position 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 in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of several analyst reports. Wolfe Research increased their price target on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. UBS Group raised their target price on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Citigroup boosted their price target on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Jefferies Financial Group raised their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Benchmark boosted their target price on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.39.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the completion of the sale, the director now directly owns 18,089 shares in the company, valued at $3,123,427.63. This trade represents a 73.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by company insiders.

DoorDash Price Performance

Shares of DoorDash stock opened at $195.54 on Monday. The stock’s 50-day moving average is $176.85 and its 200 day moving average is $154.79. DoorDash, Inc. has a one year low of $99.32 and a one year high of $199.17. The firm has a market cap of $81.23 billion, a price-to-earnings ratio of -434.53, a PEG ratio of 2.04 and a beta of 1.72.

About DoorDash

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.