Shell Asset Management Co. Has $914,000 Stock Holdings in DoorDash, Inc. $DASH

Shell Asset Management Co. decreased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 63.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,359 shares of the company’s stock after selling 5,757 shares during the quarter. Shell Asset Management Co.’s holdings in DoorDash were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Gilbert & Cook Inc. grew its stake in DoorDash by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after acquiring an additional 42 shares in the last quarter. Resonant Capital Advisors LLC grew its position in DoorDash by 3.5% during the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock valued at $334,000 after purchasing an additional 42 shares in the last quarter. Premier Path Wealth Partners LLC increased its stake in DoorDash by 1.9% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after buying an additional 45 shares during the period. Advisory Resource Group lifted its position in DoorDash by 0.8% in the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after buying an additional 48 shares in the last quarter. Finally, Quotient Wealth Partners LLC lifted its position in DoorDash by 3.2% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after buying an additional 48 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research reports. Benchmark upped their price target on shares of DoorDash from $315.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Guggenheim lowered their target price on DoorDash from $280.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Mizuho cut their price target on DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Wedbush lifted their price target on DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Finally, KeyCorp lowered their price target on DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $280.24.

Insider Activity

In related news, CFO Ravi Inukonda sold 1,017 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total transaction of $218,797.38. Following the completion of the sale, the chief financial officer directly owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. This represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $230.00, for a total transaction of $3,833,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares in the company, valued at $345,000. The trade was a 91.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 604,135 shares of company stock valued at $124,509,080. Insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

DASH opened at $160.34 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market cap of $69.11 billion, a PE ratio of 81.39 and a beta of 1.78. The stock has a 50-day moving average of $211.95 and a 200-day moving average of $233.25. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.