ING Groep NV Purchases 5,781 Shares of DoorDash, Inc. (NASDAQ:DASH)

ING Groep NV grew its position in DoorDash, Inc. (NASDAQ:DASH) by 312.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,633 shares of the company’s stock after acquiring an additional 5,781 shares during the period. ING Groep NV’s holdings in DoorDash were worth $1,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DASH. Rakuten Securities Inc. raised its position in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the fourth quarter valued at about $29,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the 4th quarter worth about $34,000. ORG Wealth Partners LLC bought a new stake in DoorDash during the 4th quarter worth about $36,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Trading Down 1.1 %

DASH stock opened at $199.94 on Monday. The stock has a 50-day moving average price of $182.56 and a two-hundred day moving average price of $161.31. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The stock has a market cap of $83.99 billion, a PE ratio of 740.52 and a beta of 1.72.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Keith Yandell sold 4,474 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $177.36, for a total transaction of $793,508.64. Following the transaction, the insider now owns 114,238 shares of the company’s stock, valued at $20,261,251.68. The trade was a 3.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 812,035 shares of company stock valued at $142,357,630 over the last three months. Company insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DASH shares. Needham & Company LLC upped their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. UBS Group upped their price objective on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Barclays lifted their target price on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Bank of America lifted their price objective on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $205.45.

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.