Jones Financial Companies Lllp Has $323,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Jones Financial Companies Lllp lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 36.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,926 shares of the company’s stock after buying an additional 512 shares during the quarter. Jones Financial Companies Lllp’s holdings in DoorDash were worth $323,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB boosted its position in DoorDash by 3.3% during the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after purchasing an additional 5,539 shares during the period. Sanctuary Advisors LLC boosted its position 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 buying an additional 3,498 shares during the period. Baillie Gifford & Co. increased its stake in 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. LVW Advisors LLC purchased a new position in DoorDash during the fourth quarter valued at $236,000. Finally, Nordea Investment Management AB increased its position in shares of DoorDash by 37.5% during the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after acquiring an additional 476,360 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of research analyst reports. Susquehanna upped their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Oppenheimer reaffirmed a “hold” rating on shares of DoorDash in a research note on Monday. Benchmark lifted their target price on DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Evercore ISI reissued an “outperform” rating on shares of DoorDash in a research note on Monday. Finally, KeyCorp increased their price objective on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.52.

DoorDash Stock Performance

NASDAQ DASH opened at $183.73 on Wednesday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The firm has a 50 day simple moving average of $187.26 and a 200-day simple moving average of $166.63. The firm has a market cap of $77.18 billion, a price-to-earnings ratio of 680.48 and a beta of 1.70.

Insider Buying and Selling

In other news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares in the company, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 12,088 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the sale, the general counsel now owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 572,062 shares of company stock valued at $101,051,440. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Company 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.