DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 799,695 shares of the company’s stock after purchasing an additional 16,766 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in DoorDash were worth $134,149,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Baillie Gifford & Co. boosted its position in DoorDash by 13.2% during 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 during the period. State Street Corp lifted its stake in shares of DoorDash by 3.8% during the third 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 grew its stake in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after buying an additional 700,465 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after buying an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after buying an additional 501,905 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH opened at $195.54 on Friday. The company has a market cap of $81.23 billion, a P/E ratio of -434.53, a PEG ratio of 1.97 and a beta of 1.72. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $199.17. The stock has a fifty day moving average price of $176.85 and a 200 day moving average price of $154.09.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,040,758 shares of company stock worth $181,434,201. Insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of analyst reports. Citigroup upped their price target on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Susquehanna raised their price target on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Loop Capital raised their target price on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Wolfe Research lifted their target price on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Nine 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.39.

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.