Dimensional Fund Advisors LP Sells 140,810 Shares of DoorDash, Inc. (NASDAQ:DASH)

Dimensional Fund Advisors LP lessened its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 734,913 shares of the company's stock after selling 140,810 shares during the quarter. Dimensional Fund Advisors LP owned 0.18% of DoorDash worth $123,297,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in DoorDash in the fourth quarter worth about $597,443,000. Arrowstreet Capital Limited Partnership raised its holdings 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 worth $780,858,000 after buying an additional 1,869,866 shares in the last quarter. Franklin Resources Inc. lifted 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 worth $796,781,000 after buying an additional 949,414 shares during the period. Raymond James Financial Inc. acquired a new stake in DoorDash in the 4th quarter valued at $146,094,000. Finally, California Public Employees Retirement System grew its position in DoorDash by 97.0% in the fourth quarter. California Public Employees Retirement System now owns 1,172,959 shares of the company's stock valued at $196,764,000 after acquiring an additional 577,610 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 15,198 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the sale, the chief financial officer now directly owns 351,970 shares of the company's stock, valued at $71,840,596.70. This represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Prabir Adarkar sold 20,161 shares of the 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 $4,101,755.45. Following the completion of the sale, the chief operating officer now owns 905,061 shares in the company, 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. Over the last quarter, insiders have sold 158,511 shares of company stock valued at $30,394,673. 7.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DASH shares. Wolfe Research boosted their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Wedbush boosted their price target on shares of DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Cantor Fitzgerald dropped their price objective on shares of DoorDash from $230.00 to $210.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group lifted their target price on shares of DoorDash from $200.00 to $204.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, FBN Securities initiated coverage on DoorDash in a report on Friday, March 28th. They set an "outperform" rating and a $230.00 price target for the company. Ten 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $209.66.

DoorDash Trading Up 3.8 %

Shares of NASDAQ:DASH traded up $7.40 during midday trading on Friday, hitting $203.60. The company had a trading volume of 1,347,868 shares, compared to its average volume of 4,209,724. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The firm has a fifty day simple moving average of $185.23 and a 200 day simple moving average of $178.99. The stock has a market cap of $85.53 billion, a price-to-earnings ratio of 752.18 and a beta of 1.69.

DoorDash 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.