Amalgamated Bank Acquires 768 Shares of DoorDash, Inc. (NASDAQ:DASH)

Amalgamated Bank grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,103 shares of the company’s stock after purchasing an additional 768 shares during the period. Amalgamated Bank’s holdings in DoorDash were worth $3,876,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Asset Management One Co. Ltd. raised its position in DoorDash by 10.6% in the third quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after acquiring an additional 10,755 shares during the period. Swedbank AB lifted its stake in DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after purchasing an additional 5,539 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares during the period. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Finally, LVW Advisors LLC bought a new position in shares of DoorDash in the fourth quarter worth $236,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

Shares of DASH stock opened at $198.44 on Friday. The firm has a market cap of $83.36 billion, a price-to-earnings ratio of 734.96 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The stock’s 50-day moving average is $184.95 and its two-hundred day moving average is $163.29.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 115,432 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $265,515. This trade represents a 98.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stanley Tang sold 50,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $176.88, for a total value of $8,844,000.00. Following the completion of the transaction, the director now owns 35,413 shares of the company’s stock, valued at $6,263,851.44. This trade represents a 58.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 753,662 shares of company stock valued at $133,190,353. 7.92% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on DASH. Evercore ISI boosted their price target on shares of DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Oppenheimer increased their price objective on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Bank of America raised their target price on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. KeyCorp raised their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

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.