Gilder Gagnon Howe & Co. LLC Increases Stake in DoorDash, Inc. (NASDAQ:DASH)

Gilder Gagnon Howe & Co. LLC lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,648 shares of the company’s stock after buying an additional 371 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in DoorDash were worth $3,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock worth $5,254,501,000 after purchasing an additional 317,502 shares in the last quarter. Capital World Investors lifted its position in shares of DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after buying an additional 2,538,160 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock worth $796,781,000 after buying an additional 949,414 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in DoorDash by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company’s stock worth $763,198,000 after acquiring an additional 86,667 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Up 0.3 %

DASH opened at $187.76 on Friday. The company has a market capitalization of $78.88 billion, a price-to-earnings ratio of 695.41 and a beta of 1.69. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The business’s fifty day simple moving average is $186.09 and its 200-day simple moving average is $177.99.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DASH. JMP Securities reissued a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a report on Thursday, February 6th. Citigroup reiterated a “buy” rating on shares of DoorDash in a research report on Saturday, March 8th. FBN Securities assumed coverage on shares of DoorDash in a report on Friday, March 28th. They issued an “outperform” rating and a $230.00 target price on the stock. Benchmark increased their price target on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Roth Mkm lifted their price target on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $208.88.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the transaction, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This trade represents a 71.29 % decrease in their ownership of the stock. 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 DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now directly owns 14,778 shares in the company, valued at approximately $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 have sold a total of 137,086 shares of company stock worth $26,430,884 in the last three months. Corporate 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.