62,038 Shares in DoorDash, Inc. (NYSE:DASH) Bought by Northern Trust Corp

Northern Trust Corp bought a new stake in DoorDash, Inc. (NYSE:DASH) during the fourth quarter, Holdings Channel reports. The fund bought 62,038 shares of the company’s stock, valued at approximately $8,856,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CenterStar Asset Management LLC acquired a new stake in DoorDash during the 4th quarter worth approximately $50,000. Citigroup Inc. acquired a new stake in shares of DoorDash in the fourth quarter worth $64,000. Daiwa Securities Group Inc. acquired a new stake in shares of DoorDash in the fourth quarter worth $95,000. GSA Capital Partners LLP purchased a new position in shares of DoorDash in the 4th quarter valued at $228,000. Finally, ProShare Advisors LLC acquired a new position in shares of DoorDash during the 4th quarter valued at $235,000.

Several research analysts have commented on the company. Susquehanna Bancshares assumed coverage on DoorDash in a research report on Friday, December 18th. They issued a “positive” rating and a $185.00 price objective on the stock. Piper Sandler assumed coverage on DoorDash in a research report on Monday, January 4th. They set a “neutral” rating and a $150.00 price target on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of DoorDash in a research report on Tuesday, March 9th. Mizuho lifted their price objective on shares of DoorDash from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, March 4th. Finally, Barclays initiated coverage on shares of DoorDash in a research note on Monday, January 4th. They issued an “equal weight” rating and a $145.00 target price for the company. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $170.59.

In other DoorDash news, CAO Gordon S. Lee sold 20,065 shares of the business’s stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $130.00, for a total transaction of $2,608,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shona L. Brown sold 2,500 shares of the stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $146.49, for a total transaction of $366,225.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 477,792 shares of company stock valued at $63,753,923.

Shares of DASH stock opened at $127.50 on Thursday. DoorDash, Inc. has a one year low of $121.00 and a one year high of $256.09. The stock’s 50-day moving average is $151.10.

DoorDash Company Profile

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

Recommended Story: Why Net Income is Important to Investors

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NYSE:DASH).

Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.