2 hours Ago By Defense World Staff
DoorDash ( NASDAQ:DASH – Get Free Report ) had its target price increased by equities researchers at UBS Group from $182.00 to $200.00 in a note issued to investors on Monday, Benzinga reports.
The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 2.79% from the stock’s previous close.
A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group lifted their price objective on DoorDash from $155.00 to $180.
00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on shares of DoorDash from $175.00 to $215.
00 and gave the company an “outperform” rating in a report on Friday, December 6th. Benchmark upped their price objective on shares of DoorDash from $152.00 to $173.
00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Barclays lifted their target price on shares of DoorDash from $120.00 to $163.
00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their price target on DoorDash from $140.00 to $180.
00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.39. Get Our Latest Report on DoorDash DoorDash Trading Up 2.
0 % Insiders Place Their Bets In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.
00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $3,123,427.63.
This represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.
40. Following the sale, the insider now owns 124,221 shares in the company, valued at approximately $21,115,085.58.
The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold 1,040,758 shares of company stock worth $181,434,201 over the last ninety days. 7.92% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows A number of hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. boosted its position in DoorDash by 13.
2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter.
Allspring Global Investments Holdings LLC boosted its holdings in DoorDash by 216.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after purchasing an additional 739,961 shares during the last quarter.
Janus Henderson Group PLC grew its position in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares in the last quarter.
Thrivent Financial for Lutherans increased its stake in DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after buying an additional 651,525 shares during the last quarter.
Finally, Franklin Resources Inc. lifted its position in DoorDash by 15.2% during the 3rd quarter.
Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after buying an additional 501,905 shares in the last quarter. 90.
64% of the stock is currently owned by institutional investors. About DoorDash ( Get Free Report ) 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.
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