Gilder Gagnon Howe & Co. LLC Raises Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Gilder Gagnon Howe & Co. LLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 18,648 shares of the company’s stock after purchasing an additional 371 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in DoorDash were worth $3,128,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DASH. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC acquired a new position in DoorDash during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash in the fourth quarter valued at about $34,000. ORG Wealth Partners LLC acquired a new stake in DoorDash in the fourth quarter worth about $36,000. Finally, IFP Advisors Inc grew its stake in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares in the company, valued at approximately $24,848,365.75. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,086 shares of company stock worth $26,430,884 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $187.76 on Friday. The firm has a fifty day moving average of $186.09 and a 200 day moving average of $177.99. The firm has a market cap of $78.88 billion, a PE ratio of 695.41 and a beta of 1.69. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25.

Analyst Upgrades and Downgrades

DASH has been the topic of several research analyst reports. Roth Mkm boosted their target price on shares of DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Evercore ISI reissued an “outperform” rating on shares of DoorDash in a report on Monday, March 10th. Truist Financial raised their target price on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Wedbush boosted their price target on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Citigroup restated a “buy” rating on shares of DoorDash in a research note on Saturday, March 8th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $208.88.

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.