Harvest Fund Management Co. Ltd Buys 10,228 Shares of DoorDash, Inc. (NASDAQ:DASH)

Harvest Fund Management Co. Ltd boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 43.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,658 shares of the company’s stock after acquiring an additional 10,228 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in DoorDash were worth $5,598,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. bought a new stake in DoorDash during the fourth quarter worth approximately $29,000. Denver PWM LLC bought a new stake in DoorDash during the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash during the fourth quarter worth approximately $34,000. ORG Wealth Partners LLC bought a new stake in DoorDash during the fourth quarter worth approximately $36,000. Finally, IFP Advisors Inc increased its stake in 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 owned by institutional investors.

Insider Activity

In other news, Director Andy Fang sold 1,398 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $168.53, for a total value of $3,370,600.00. Following the sale, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $155,927,663.66. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 363,730 shares of company stock worth $63,922,178. Insiders own 7.92% of the company’s stock.

DoorDash Trading Down 2.4 %

Shares of DASH opened at $185.21 on Wednesday. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The stock has a fifty day moving average price of $188.59 and a 200-day moving average price of $168.64. The firm has a market cap of $77.81 billion, a PE ratio of 685.96 and a beta of 1.70.

Analysts Set New Price Targets

DASH has been the topic of a number of analyst reports. Roth Mkm upped their target price on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a research note on Monday, March 3rd. Truist Financial upped their target price on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Barclays upped 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. Finally, Wolfe Research upped their target price on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

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.