DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. lowered its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 12.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 114,451 shares of the company's stock after selling 16,549 shares during the period. DoorDash accounts for approximately 1.8% of Connors Investor Services Inc.'s portfolio, making the stock its 12th biggest holding. Connors Investor Services Inc.'s holdings in DoorDash were worth $19,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DASH. Comerica Bank boosted its holdings in shares of DoorDash by 6.1% during the 4th quarter. Comerica Bank now owns 19,764 shares of the company's stock worth $3,315,000 after purchasing an additional 1,136 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in DoorDash during the fourth quarter worth $188,000. Voleon Capital Management LP purchased a new stake in DoorDash in the 4th quarter valued at $10,456,000. Utah Retirement Systems grew its holdings in DoorDash by 2.1% in the 4th quarter. Utah Retirement Systems now owns 58,600 shares of the company's stock valued at $9,830,000 after buying an additional 1,200 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of DoorDash by 382.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 101,890 shares of the company's stock worth $17,092,000 after acquiring an additional 80,789 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analyst Weigh In

DASH has been the subject of a number of analyst reports. Evercore ISI reissued an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. Barclays raised 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. Truist Financial upped their price objective on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Roth Mkm increased their price objective on DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, Wedbush lifted their target price on DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $209.66.

DoorDash Trading Up 4.5 %

Shares of DASH stock traded up $8.89 on Friday, reaching $205.09. 4,255,475 shares of the stock were exchanged, compared to its average volume of 4,149,214. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The company has a market capitalization of $86.16 billion, a price-to-earnings ratio of 759.59 and a beta of 1.69. The business's 50 day moving average price is $185.50 and its 200 day moving average price is $179.38.

Insider Transactions at DoorDash

In other news, insider Keith Yandell sold 8,116 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 $1,651,200.20. Following the completion of the transaction, the insider now owns 105,162 shares in the company, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,511 shares of company stock valued at $30,394,673. 7.92% of the stock is currently owned by corporate insiders.

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.