Aviva PLC Grows Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Aviva PLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 1,306.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,790 shares of the company’s stock after acquiring an additional 173,512 shares during the period. Aviva PLC’s holdings in DoorDash were worth $31,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pittenger & Anderson Inc. purchased a new position in DoorDash in the 4th quarter worth approximately $29,000. Denver PWM LLC purchased a new position in shares of DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash during the 4th quarter valued at $34,000. ORG Wealth Partners LLC purchased a new stake in DoorDash during the 4th quarter worth $36,000. Finally, IFP Advisors Inc lifted its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Down 6.2 %

Shares of DASH opened at $163.16 on Monday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The firm has a market capitalization of $68.54 billion, a PE ratio of 604.30 and a beta of 1.69. The firm has a 50-day moving average price of $191.90 and a 200 day moving average price of $174.06.

Insider Activity

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 sale, the insider now directly owns 105,162 shares in the company, valued at $21,395,208.90. This represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the transaction, the director now owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,523 shares of company stock worth $47,227,120 over the last three months. Corporate insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of DoorDash in a research report on Saturday, March 8th. BMO Capital Markets restated an “outperform” rating and set a $240.00 price objective (up from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. Truist Financial increased 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. Bank of America lifted their price target on shares of DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Susquehanna increased their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $207.29.

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.