DoorDash, Inc. (NASDAQ:DASH) Stock Position Reduced by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lessened its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,900 shares of the company’s stock after selling 225 shares during the period. Northwest & Ethical Investments L.P.’s holdings in DoorDash were worth $486,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. bought a new position in DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash during the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the 4th quarter worth approximately $36,000. Finally, IFP Advisors Inc raised its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the period. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of DoorDash in a research report on Saturday, March 8th. Royal Bank of Canada increased their price target on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Mizuho increased their price target on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets restated an “outperform” rating and issued a $240.00 target price (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, KeyCorp raised their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Stock Down 1.2 %

DASH opened at $190.62 on Friday. The firm has a market cap of $80.08 billion, a PE ratio of 706.00 and a beta of 1.70. The business has a fifty day simple moving average of $189.72 and a 200-day simple moving average of $169.39. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $169.32, for a total value of $1,185,240.00. Following the completion of the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $62,139,254.76. This trade represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $168.53, for a total value of $3,370,600.00. Following the completion of the sale, the chief operating officer now directly 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 363,730 shares of company stock valued at $63,922,178 over the last quarter. Company insiders own 7.92% of the company’s stock.

About DoorDash

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.