AIA Group Ltd Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

AIA Group Ltd acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,156 shares of the company’s stock, valued at approximately $362,000.

Several other hedge funds also recently made changes to their positions in the business. IFP Advisors Inc grew its holdings in shares of DoorDash by 31.8% in the 4th 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. MassMutual Private Wealth & Trust FSB increased its stake in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares in the last quarter. Avestar Capital LLC raised its holdings in DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after buying an additional 75 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after buying an additional 84 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of DoorDash by 3.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Roth Mkm boosted their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Truist Financial boosted their target price on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. Citigroup reiterated a “buy” rating on shares of DoorDash in a report on Saturday, March 8th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price objective (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Ten investment 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.21.

Insider Transactions at DoorDash

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the company’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 $1,651,200.20. Following the completion of the transaction, the insider now owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This represents a 7.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andy Fang sold 1,398 shares of DoorDash 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 directly owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 371,445 shares of company stock worth $65,969,730. Insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

NASDAQ DASH opened at $182.42 on Wednesday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The stock has a market capitalization of $76.63 billion, a PE ratio of 675.63 and a beta of 1.70. The stock has a 50-day simple moving average of $192.25 and a 200 day simple moving average of $173.12.

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.