Elo Mutual Pension Insurance Co Has $5.12 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Elo Mutual Pension Insurance Co raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,514 shares of the company’s stock after buying an additional 3,507 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in DoorDash were worth $5,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. acquired a new position in shares of DoorDash in the third quarter worth $216,000. DRW Securities LLC acquired a new position in DoorDash in the 3rd quarter worth about $289,000. Loomis Sayles & Co. L P increased its position in DoorDash by 1,100.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 6,531 shares of the company’s stock worth $932,000 after purchasing an additional 5,987 shares during the last quarter. Dai ichi Life Insurance Company Ltd purchased a new stake in shares of DoorDash during the 3rd quarter worth about $1,376,000. Finally, Townsquare Capital LLC lifted its holdings in shares of DoorDash by 129.6% during the 3rd quarter. Townsquare Capital LLC now owns 5,640 shares of the company’s stock valued at $805,000 after buying an additional 3,184 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DASH shares. Piper Sandler reaffirmed a “neutral” rating and set a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. KeyCorp raised their price target on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Truist Financial increased their target price on shares of DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Wolfe Research boosted their price target on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group increased their price objective on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Stock Performance

NASDAQ:DASH opened at $194.02 on Friday. The company has a market capitalization of $81.51 billion, a price-to-earnings ratio of 718.59 and a beta of 1.70. The company has a 50-day moving average of $191.84 and a 200-day moving average of $171.37. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25.

Insiders Place Their Bets

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the transaction, the general counsel now directly owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $169.32, for a total transaction of $1,185,240.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $62,139,254.76. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 358,445 shares of company stock worth $63,443,370 over the last quarter. 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.