Vaughan Nelson Investment Management L.P. Has $191.66 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Vaughan Nelson Investment Management L.P. lowered its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,142,556 shares of the company’s stock after selling 53,275 shares during the quarter. DoorDash accounts for about 1.8% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 11th biggest position. Vaughan Nelson Investment Management L.P.’s holdings in DoorDash were worth $191,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DASH. Cetera Investment Advisers grew its stake in shares of DoorDash by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock worth $1,278,000 after acquiring an additional 788 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in DoorDash in the 2nd quarter valued at $779,000. GAMMA Investing LLC lifted its position in DoorDash by 19.3% during the 3rd quarter. GAMMA Investing LLC now owns 941 shares of the company’s stock worth $134,000 after buying an additional 152 shares in the last quarter. CWM LLC grew its holdings in shares of DoorDash by 97.1% in the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after acquiring an additional 5,273 shares in the last quarter. Finally, Wedmont Private Capital increased its position in shares of DoorDash by 39.1% in the third quarter. Wedmont Private Capital now owns 5,363 shares of the company’s stock valued at $762,000 after acquiring an additional 1,507 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Down 0.5 %

Shares of DASH opened at $195.54 on Friday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $199.17. The stock has a fifty day moving average of $176.85 and a 200-day moving average of $154.42.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the sale, the director now owns 16,176 shares of the company’s stock, valued at $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent analyst reports. Loop Capital boosted their price target on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Royal Bank of Canada increased their price target on shares of DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Morgan Stanley upped their target price on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Evercore ISI boosted their price target on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Bank of America raised their price objective on DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.39.

About DoorDash

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.