Natixis Acquires Shares of 134,056 DoorDash, Inc. (NASDAQ:DASH)

Natixis bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 134,056 shares of the company's stock, valued at approximately $22,488,000.

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

Insiders Place Their Bets

In other news, insider Keith Yandell sold 8,116 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 $1,651,200.20. Following the completion of the sale, the insider now directly owns 105,162 shares of the company's stock, valued at $21,395,208.90. This represents a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares of the company's stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,511 shares of company stock worth $26,691,944. Insiders own 7.92% of the company's stock.

DoorDash Stock Performance

Shares of NASDAQ DASH traded up $5.47 during midday trading on Thursday, hitting $186.66. 1,829,127 shares of the stock traded hands, compared to its average volume of 4,239,183. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The business has a 50 day moving average price of $187.10 and a two-hundred day moving average price of $177.12. The company has a market cap of $78.42 billion, a PE ratio of 692.11 and a beta of 1.69.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group upped their price objective on DoorDash from $200.00 to $204.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Roth Mkm upped their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a report on Thursday, February 13th. Mizuho boosted their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $240.00 target price (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.88.

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.