American Century Companies Inc. Acquires 116,551 Shares of DoorDash, Inc. (NASDAQ:DASH)

American Century Companies Inc. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 852,540 shares of the company’s stock after purchasing an additional 116,551 shares during the quarter. American Century Companies Inc. owned 0.21% of DoorDash worth $143,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DASH. IFP Advisors Inc grew its stake in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after buying an additional 69 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after buying an additional 75 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after buying an additional 84 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of DoorDash by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after buying an additional 88 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Evercore ISI reissued an “outperform” rating on shares of DoorDash in a report on Monday, March 10th. Cantor Fitzgerald boosted their price target on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Bank of America boosted their price target on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Barclays boosted their price target on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $206.52.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $168.53, for a total transaction of $3,370,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares in the company, valued at $155,927,663.66. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 15,198 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 363,730 shares of company stock worth $63,922,178 over the last ninety days. Insiders own 7.92% of the company’s stock.

DoorDash Trading Down 1.2 %

DASH stock opened at $190.62 on Monday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The company’s 50 day moving average is $189.72 and its 200 day moving average is $170.01. The stock has a market cap of $80.08 billion, a price-to-earnings ratio of 706.00 and a beta of 1.70.

DoorDash Company 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.