ANTIPODES PARTNERS Ltd Sells 339 Shares of DoorDash, Inc. (NASDAQ:DASH)

ANTIPODES PARTNERS Ltd lowered its position in DoorDash, Inc. (NASDAQ:DASH) by 27.3% during the 4th quarter, HoldingsChannel reports. The firm owned 901 shares of the company’s stock after selling 339 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in DoorDash were worth $151,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its holdings in shares of DoorDash by 20.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,103 shares of the company’s stock worth $353,000 after purchasing an additional 359 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of DoorDash in the fourth quarter worth $26,598,000. Farther Finance Advisors LLC increased its holdings in shares of DoorDash by 1.5% in the fourth quarter. Farther Finance Advisors LLC now owns 9,231 shares of the company’s stock worth $1,548,000 after purchasing an additional 139 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of DoorDash by 38.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company’s stock worth $92,000 after purchasing an additional 153 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of DoorDash by 24.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,961 shares of the company’s stock worth $832,000 after purchasing an additional 981 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 2.2 %

NASDAQ:DASH opened at $187.70 on Thursday. The business’s 50-day simple moving average is $187.66 and its two-hundred day simple moving average is $166.78. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The stock has a market cap of $78.85 billion, a PE ratio of 695.19 and a beta of 1.70.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $178.66, for a total value of $8,933,000.00. Following the sale, the director now owns 16,176 shares in the company, valued at approximately $2,890,004.16. The trade was a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at $268,110. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 522,062 shares of company stock valued at $92,218,440. 7.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

DASH has been the topic of several research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 price target (up previously from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Roth Mkm increased their target price on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. UBS Group increased their target price on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Bank of America increased their target price on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

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.