Charles Schwab Investment Management Inc. Has $87.31 Million Holdings in DoorDash, Inc. (NYSE:DASH)

Charles Schwab Investment Management Inc. increased its position in DoorDash, Inc. (NYSE:DASHFree Report) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,098,708 shares of the company’s stock after purchasing an additional 141,787 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in DoorDash were worth $87,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in DoorDash by 448.8% in the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after purchasing an additional 359 shares during the period. Natixis acquired a new stake in DoorDash in the second quarter worth about $52,000. Belpointe Asset Management LLC increased its position in DoorDash by 7,242.9% in the first quarter. Belpointe Asset Management LLC now owns 1,028 shares of the company’s stock worth $65,000 after purchasing an additional 1,014 shares during the period. National Bank of Canada FI increased its position in DoorDash by 13.1% in the third quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock worth $86,000 after purchasing an additional 125 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in DoorDash in the third quarter worth about $94,000. 75.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on DoorDash in a research report on Thursday, November 16th. They set a “buy” rating and a $125.00 target price for the company. Mizuho boosted their target price on DoorDash from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Truist Financial boosted their target price on DoorDash from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. JMP Securities boosted their target price on DoorDash from $113.00 to $130.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on DoorDash from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $104.33.

View Our Latest Report on DASH

DoorDash Stock Up 0.9 %

Shares of DoorDash stock opened at $119.31 on Monday. The stock has a market cap of $47.51 billion, a P/E ratio of -44.35 and a beta of 1.72. DoorDash, Inc. has a 12-month low of $51.50 and a 12-month high of $119.79. The business’s 50 day moving average is $103.18 and its 200-day moving average is $89.78.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total transaction of $548,650.00. Following the transaction, the chief financial officer now directly owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total transaction of $548,650.00. Following the transaction, the chief financial officer now directly owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $104.93, for a total value of $13,882,239.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 570,200 shares of company stock valued at $56,872,259. 9.59% of the stock is owned by insiders.

About DoorDash

(Free Report)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, 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; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.

Further Reading

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Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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