Bessemer Group Inc. Has $103.63 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Bessemer Group Inc. lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 617,777 shares of the company’s stock after selling 9,617 shares during the period. Bessemer Group Inc.’s holdings in DoorDash were worth $103,632,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. bought a new stake in DoorDash during the fourth quarter worth about $29,000. Denver PWM LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc grew its stake in shares of DoorDash by 31.8% during 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 and hedge funds own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DASH. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Needham & Company LLC restated a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. Morgan Stanley lifted their target price on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Loop Capital raised their price target on DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Finally, Mizuho boosted their price objective on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.12.

DoorDash Trading Up 13.8 %

Shares of DASH opened at $188.58 on Thursday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The firm’s 50 day moving average is $190.79 and its 200-day moving average is $174.83. The stock has a market capitalization of $79.22 billion, a PE ratio of 698.44 and a beta of 1.69.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 258,523 shares of company stock valued at $47,227,120. 7.92% of the stock is currently 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.