Los Angeles Capital Management LLC Acquires 80,419 Shares of DoorDash, Inc. (NASDAQ:DASH)

Los Angeles Capital Management LLC raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 18.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 505,552 shares of the company’s stock after buying an additional 80,419 shares during the quarter. Los Angeles Capital Management LLC owned about 0.12% of DoorDash worth $84,806,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DASH. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of DoorDash by 14.5% during 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 in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of DoorDash by 5,396.1% during 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 in the last quarter. Franklin Resources Inc. boosted its position in shares of DoorDash by 15.2% during 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 in the last quarter. Finally, Nordea Investment Management AB boosted 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 purchasing an additional 476,360 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

NASDAQ:DASH opened at $195.87 on Tuesday. The firm has a market capitalization of $82.28 billion, a PE ratio of 725.44 and a beta of 1.72. The stock has a 50-day simple moving average of $182.89 and a two-hundred day simple moving average of $161.81. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24.

Analysts Set New Price Targets

DASH has been the topic of several research reports. Benchmark lifted their price target on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Oppenheimer lifted their price target on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Bank of America lifted their price target on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Loop Capital lifted their price objective on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday. Finally, UBS Group lifted their price objective on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 115,432 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $265,515. This represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Keith Yandell sold 4,474 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $177.36, for a total value of $793,508.64. Following the completion of the transaction, the insider now directly owns 114,238 shares of the company’s stock, valued at approximately $20,261,251.68. This trade represents a 3.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 760,662 shares of company stock valued at $134,448,673 over the last 90 days. Company insiders own 7.92% of the company’s stock.

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.