Itau Unibanco Holding S.A. Reduces Holdings in DoorDash, Inc. (NASDAQ:DASH)

Itau Unibanco Holding S.A. trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 370 shares of the company's stock after selling 8,462 shares during the period. Itau Unibanco Holding S.A.'s holdings in DoorDash were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DASH. Pittenger & Anderson Inc. bought a new stake in DoorDash in the 4th quarter valued at $29,000. Denver PWM LLC bought a new position in DoorDash in the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash during the fourth quarter worth $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the 4th quarter valued at approximately $36,000. Finally, IFP Advisors Inc increased its holdings in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after buying an additional 54 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent research reports. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley dropped their price target on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Mizuho raised their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Truist Financial increased their target price on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $209.66.

Insider Buying and Selling

In related news, Director Andy Fang sold 1,398 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 owns 14,778 shares of the company's stock, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the transaction, the chief financial officer now owns 337,430 shares of the company's stock, valued at $63,173,644.60. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,511 shares of company stock worth $30,394,673 in the last ninety days. 7.92% of the stock is owned by insiders.

DoorDash Trading Up 0.2 %

Shares of NASDAQ:DASH traded up $0.31 on Monday, reaching $205.40. 5,614,231 shares of the company traded hands, compared to its average volume of 4,146,840. The stock has a market capitalization of $86.29 billion, a P/E ratio of 760.74 and a beta of 1.68. The business's 50-day simple moving average is $185.50 and its 200 day simple moving average is $179.78. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25.

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.