National Pension Service Reduces Position in DoorDash, Inc. (NASDAQ:DASH)

National Pension Service decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 411,560 shares of the company’s stock after selling 18,689 shares during the quarter. National Pension Service owned about 0.10% of DoorDash worth $69,039,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DASH. Rakuten Securities Inc. grew its holdings in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares in the last quarter. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash in the fourth quarter valued at about $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Susquehanna upped their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. Citigroup upped their price objective on shares of DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Wolfe Research upped their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $206.52.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 115,432 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $265,515. This trade represents a 98.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Tia Sherringham sold 11,694 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $176.91, for a total transaction of $2,068,785.54. Following the completion of the sale, the general counsel now directly owns 134,223 shares in the company, valued at approximately $23,745,390.93. This trade represents a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 753,662 shares of company stock valued at $133,190,353 over the last 90 days. 7.92% of the stock is owned by corporate insiders.

DoorDash Stock Down 1.4 %

Shares of NASDAQ:DASH opened at $195.84 on Friday. The firm’s 50 day moving average price is $184.40 and its 200 day moving average price is $162.77. The stock has a market cap of $82.27 billion, a price-to-earnings ratio of 725.33 and a beta of 1.72. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24.

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.