Intech Investment Management LLC Sells 289 Shares of DoorDash, Inc. (NASDAQ:DASH)

Intech Investment Management LLC lowered its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,583 shares of the company’s stock after selling 289 shares during the quarter. Intech Investment Management LLC’s holdings in DoorDash were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DASH. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the 4th quarter valued at $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash during the 4th quarter valued at $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash during the 4th quarter valued at $36,000. Finally, IFP Advisors Inc raised its holdings in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 1.2 %

NASDAQ:DASH opened at $192.93 on Friday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The company’s 50-day moving average price is $189.31 and its two-hundred day moving average price is $168.96. The firm has a market cap of $81.05 billion, a PE ratio of 714.56 and a beta of 1.70.

Wall Street Analyst Weigh In

Several brokerages recently commented on DASH. JPMorgan Chase & Co. lifted their target price on shares of DoorDash from $155.00 to $205.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Wedbush lifted their target price on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Finally, Roth Mkm lifted their target price on shares of DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.52.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the transaction, the director now directly owns 16,176 shares in the company, valued at approximately $2,722,744.32. This represents a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the sale, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $255,525. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 363,730 shares of company stock worth $63,922,178. Corporate insiders own 7.92% of the company’s stock.

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.