Price T Rowe Associates Inc. MD Has $715.69 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Price T Rowe Associates Inc. MD trimmed its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,266,369 shares of the company's stock after selling 9,574 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.03% of DoorDash worth $715,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of DoorDash by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after purchasing an additional 317,502 shares during the period. Capital World Investors increased its position in DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after buying an additional 2,538,160 shares during the period. Franklin Resources Inc. lifted its stake in DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after buying an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after acquiring an additional 1,869,866 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of 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 acquiring an additional 86,667 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the sale, the chief financial officer now directly owns 337,430 shares in the company, valued at $63,173,644.60. This represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. The trade was a 8.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,511 shares of company stock valued at $30,394,673. 7.92% of the stock is owned by corporate insiders.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded down $1.64 on Wednesday, hitting $189.59. 701,719 shares of the company were exchanged, compared to its average volume of 4,218,472. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The firm has a market capitalization of $79.64 billion, a price-to-earnings ratio of 701.00 and a beta of 1.69. The company's 50 day moving average price is $185.36 and its two-hundred day moving average price is $178.58.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays increased their price objective on DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday, February 13th. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a research note on Monday. Wedbush increased their price target on DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, FBN Securities assumed coverage on shares of DoorDash in a research report on Friday, March 28th. They issued an "outperform" rating and a $230.00 target price for the company. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $209.66.

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.