Cigna Investments Inc. New Grows Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Cigna Investments Inc. New lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,564 shares of the company’s stock after buying an additional 103 shares during the period. Cigna Investments Inc. New’s holdings in DoorDash were worth $598,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its holdings in shares of DoorDash by 10.6% in the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after buying an additional 10,755 shares during the period. Swedbank AB increased its holdings in shares of DoorDash by 3.3% in the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after buying an additional 5,539 shares during the period. Forsta AP Fonden increased its holdings in DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after purchasing an additional 10,100 shares during the period. Sanctuary Advisors LLC increased its holdings in DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction on 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 owns 18,089 shares in the company, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tony Xu sold 115,432 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $265,515. This trade represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock worth $181,434,201 in the last three months. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH opened at $192.63 on Tuesday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $199.17. The business has a fifty day moving average price of $177.18 and a 200-day moving average price of $155.44.

Analyst Ratings Changes

A number of brokerages recently issued reports on DASH. Truist Financial boosted their price target on DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. BMO Capital Markets boosted their price target on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price objective on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $179.39.

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.