E Fund Management Co. Ltd. Has $775,000 Stake in DoorDash, Inc. (NASDAQ:DASH)

E Fund Management Co. Ltd. raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,618 shares of the company’s stock after purchasing an additional 1,029 shares during the period. E Fund Management Co. Ltd.’s holdings in DoorDash were worth $775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. increased its stake in DoorDash by 302.3% in 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 in the last quarter. Pittenger & Anderson Inc. bought a new stake in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC bought a new stake in DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash in the fourth quarter valued at $34,000. Finally, ORG Wealth Partners LLC bought a new stake in DoorDash in the fourth quarter valued at $36,000. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Down 1.1 %

DASH opened at $178.08 on Friday. The stock has a market cap of $74.81 billion, a price-to-earnings ratio of 659.56 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.24. The company’s 50-day moving average price is $186.60 and its two-hundred day moving average price is $165.04.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DASH. KeyCorp lifted their price target on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Royal Bank of Canada boosted their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Oppenheimer boosted their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Piper Sandler reissued a “neutral” rating and set a $210.00 target price (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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 company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,857,652.16. This represents a 75.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Keith Yandell sold 8,116 shares of the company’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 transaction of $1,651,200.20. Following the sale, the insider now owns 105,162 shares in the company, valued at $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. In the last ninety days, insiders have sold 572,062 shares of company stock worth $101,051,440. 7.92% of the stock is owned by corporate insiders.

DoorDash 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.