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.
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