DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 58.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,178 shares of the company’s stock after purchasing an additional 2,283 shares during the period. Metis Global Partners LLC’s holdings in DoorDash were worth $1,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DASH. Baillie Gifford & Co. lifted its stake in shares of DoorDash by 13.2% in the third 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 during the period. Janus Henderson Group PLC lifted 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 purchasing an additional 700,465 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of DoorDash by 5,396.1% in the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares during the period. Franklin Resources Inc. lifted its stake in shares of DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after purchasing an additional 501,905 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of DoorDash by 37.5% in the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after purchasing an additional 476,360 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $198.10 on Tuesday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The firm has a 50 day moving average price of $185.52 and a 200 day moving average price of $164.27. The company has a market cap of $83.22 billion, a price-to-earnings ratio of 733.70 and a beta of 1.72.

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 4,474 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $177.36, for a total transaction of $793,508.64. Following the completion of the sale, the insider now directly owns 114,238 shares in the company, valued at $20,261,251.68. The trade was a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $268,110. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 576,536 shares of company stock worth $101,844,949 over the last ninety days. 7.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DASH shares. Citigroup lifted their target price on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Barclays lifted their target price on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Truist Financial lifted their target price on shares of DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Piper Sandler restated a “neutral” rating and set a $210.00 target price (up previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, Morgan Stanley lifted their target price 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. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.