Caisse DE Depot ET Placement DU Quebec Purchases 191,213 Shares of DoorDash, Inc. (NASDAQ:DASH)

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 75.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 444,862 shares of the company's stock after buying an additional 191,213 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.11% of DoorDash worth $74,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in DASH. Vanguard Group Inc. grew its stake in DoorDash by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock valued at $5,254,501,000 after purchasing an additional 317,502 shares during the last quarter. Capital World Investors boosted its holdings in DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. increased its stake in DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after acquiring an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in 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 buying an additional 1,869,866 shares during the period. Finally, Geode Capital Management LLC lifted its stake in DoorDash by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company's stock worth $763,198,000 after purchasing an additional 86,667 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Up 4.5 %

Shares of DASH stock traded up $8.89 during trading hours on Friday, reaching $205.09. 4,255,475 shares of the company's stock were exchanged, compared to its average volume of 4,140,934. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The stock has a market capitalization of $86.16 billion, a P/E ratio of 759.59 and a beta of 1.69. The business has a fifty day moving average price of $185.50 and a 200-day moving average price of $179.78.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DASH. JMP Securities reissued a "market outperform" rating and issued a $225.00 price objective on shares of DoorDash in a research report on Monday, April 28th. Wedbush raised their price target on DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Truist Financial raised their price target on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Loop Capital raised their price target on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and an average price target of $209.66.

Insiders Place Their Bets

In other news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the transaction, the general counsel now directly owns 122,135 shares of the company's stock, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 20,161 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $4,101,755.45. Following the transaction, the chief operating officer now owns 905,061 shares of the company's stock, valued at $184,134,660.45. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,511 shares of company stock worth $30,394,673 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.