Ostrum Asset Management Sells 2,975 Shares of DoorDash, Inc. (NASDAQ:DASH)

Ostrum Asset Management cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,475 shares of the company’s stock after selling 2,975 shares during the period. DoorDash accounts for 2.6% of Ostrum Asset Management’s investment portfolio, making the stock its 18th largest holding. Ostrum Asset Management’s holdings in DoorDash were worth $30,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. The trade was a 71.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,511 shares of company stock worth $30,308,544. Company insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho increased their price target on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. UBS Group upped their price objective on shares of DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. KeyCorp reduced their target price on DoorDash from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Roth Mkm increased their price target on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group boosted their price objective on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.88.

DoorDash Price Performance

Shares of DASH opened at $181.24 on Monday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock’s fifty day moving average price is $188.90 and its two-hundred day moving average price is $176.91. The firm has a market cap of $76.14 billion, a PE ratio of 671.26 and a beta of 1.69.

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.