DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 67.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,654,891 shares of the company’s stock after acquiring an additional 1,869,866 shares during the quarter. DoorDash comprises 0.6% of Arrowstreet Capital Limited Partnership’s investment portfolio, making the stock its 22nd biggest position. Arrowstreet Capital Limited Partnership owned about 1.12% of DoorDash worth $780,858,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in DoorDash in the fourth quarter valued at $597,443,000. Raymond James Financial Inc. purchased a new position in shares of DoorDash in the fourth quarter valued at approximately $146,094,000. Janus Henderson Group PLC grew its stake in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after acquiring an additional 700,465 shares in the last quarter. Amundi grew its stake in DoorDash by 65.0% during the 4th quarter. Amundi now owns 1,407,884 shares of the company’s stock worth $244,578,000 after purchasing an additional 554,675 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after buying an additional 501,905 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the transaction, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. The trade was a 4.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 358,445 shares of company stock valued at $63,443,370. Corporate insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of a number of analyst reports. Loop Capital raised their price target on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Wolfe Research increased their price target on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Oppenheimer reaffirmed a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Wells Fargo & Company lifted their target price on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Finally, KeyCorp lifted their price target on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $207.21.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $182.61 on Friday. The stock has a 50-day simple moving average of $192.00 and a 200-day simple moving average of $172.10. The stock has a market capitalization of $76.71 billion, a P/E ratio of 676.33 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

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.