NWK Group Inc. Raises Stake in DoorDash, Inc. (NASDAQ:DASH)

NWK Group Inc. lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,165 shares of the company’s stock after buying an additional 719 shares during the quarter. DoorDash makes up 2.1% of NWK Group Inc.’s holdings, making the stock its 19th largest holding. NWK Group Inc.’s holdings in DoorDash were worth $5,396,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of DoorDash during the 4th quarter worth approximately $597,443,000. Capital World Investors raised its stake in shares of DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after purchasing an additional 1,869,866 shares in the last quarter. Franklin Resources Inc. increased its holdings in DoorDash by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock worth $796,781,000 after purchasing an additional 949,414 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in DoorDash during the 4th quarter valued at $146,094,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Oppenheimer reaffirmed a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Wedbush increased their target price on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price target on shares of DoorDash in a report on Thursday, February 6th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $208.88.

DoorDash Stock Up 1.0 %

NASDAQ:DASH opened at $181.24 on Friday. The company has a market capitalization of $76.14 billion, a PE ratio of 671.26 and a beta of 1.69. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The stock has a fifty day simple moving average of $188.90 and a 200-day simple moving average of $176.44.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 1,398 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now owns 14,778 shares of the company’s stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,511 shares of company stock worth $30,308,544 in the last ninety days. Insiders own 7.92% of the company’s stock.

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.