Machina Capital S.A.S. Has $1.50 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Machina Capital S.A.S. grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 493.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,925 shares of the company’s stock after buying an additional 7,422 shares during the quarter. Machina Capital S.A.S.’s holdings in DoorDash were worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DASH. Rakuten Securities Inc. lifted its position in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash in the fourth quarter worth $29,000. Denver PWM LLC bought a new stake in shares of DoorDash in the fourth quarter worth $30,000. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash in the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of DoorDash in the fourth quarter worth $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of a number of research reports. Oppenheimer boosted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Royal Bank of Canada boosted their price objective on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Mizuho boosted their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI upped their price target on shares of DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $206.52.

DoorDash Stock Performance

DASH stock opened at $178.08 on Friday. The company’s 50-day simple moving average is $186.60 and its 200 day simple moving average is $165.04. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.24. The company has a market capitalization of $74.81 billion, a PE ratio of 659.56 and a beta of 1.70.

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at $2,857,652.16. This represents a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the sale, the general counsel now owns 122,135 shares in the company, valued at $24,848,365.75. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 572,062 shares of company stock worth $101,051,440. Corporate 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.