Wellington Management Group LLP Decreases Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Wellington Management Group LLP cut its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,381,166 shares of the company’s stock after selling 30,905 shares during the quarter. Wellington Management Group LLP owned 0.33% of DoorDash worth $231,691,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash in the 4th quarter valued at approximately $29,000. Denver PWM LLC bought a new stake in DoorDash in the fourth quarter worth $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash during the fourth quarter worth $34,000. ORG Wealth Partners LLC bought a new position in DoorDash during the fourth quarter valued at $36,000. Finally, IFP Advisors Inc raised its stake in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after acquiring an additional 54 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Mizuho increased their price target on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets reissued an “outperform” rating and set a $240.00 price target (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Benchmark lifted their target price on DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.21.

DoorDash Trading Up 3.7 %

NASDAQ DASH opened at $189.25 on Thursday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The company has a fifty day simple moving average of $192.48 and a two-hundred day simple moving average of $173.23. The stock has a market cap of $79.50 billion, a P/E ratio of 700.93 and a beta of 1.70.

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ravi Inukonda sold 15,198 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the sale, the chief financial officer now directly owns 351,970 shares in the company, valued at $71,840,596.70. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 213,113 shares of company stock valued at $38,998,374 in the last ninety days. Company insiders own 7.92% of the company’s stock.

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.