3,603 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. bought a new position in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, HoldingsChannel reports. The firm bought 3,603 shares of the company’s stock, valued at approximately $604,000.

A number of other large investors also recently modified their holdings of the company. Baillie Gifford & Co. lifted its holdings in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. State Street Corp lifted its holdings in shares of DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after purchasing an additional 272,659 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after purchasing an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DASH has been the topic of several recent analyst reports. Piper Sandler restated a “neutral” rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Roth Mkm raised their price objective on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Mizuho raised their price objective on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Benchmark raised their price objective on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group raised their price objective on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Stock Up 0.9 %

Shares of NASDAQ DASH opened at $195.08 on Thursday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.24. The business has a 50-day simple moving average of $186.41 and a two-hundred day simple moving average of $164.94. The company has a market cap of $81.95 billion, a P/E ratio of 722.52 and a beta of 1.70.

Insiders Place Their Bets

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the sale, the director now owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $168.53, for a total value of $3,370,600.00. Following the sale, the chief operating officer now owns 925,222 shares of the company’s stock, valued at approximately $155,927,663.66. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 576,536 shares of company stock worth $101,844,949 in the last quarter. 7.92% of the stock is owned by company insiders.

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.