Proficio Capital Partners LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,308 shares of the company's stock, valued at approximately $219,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Pittenger & Anderson Inc. purchased a new stake in DoorDash in the 4th quarter worth approximately $29,000. Denver PWM LLC bought a new position in shares of DoorDash in the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the fourth quarter worth $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the 4th quarter valued at $36,000. Finally, IFP Advisors Inc lifted its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.
DoorDash Trading Up 0.1 %
Shares of DASH traded up $0.16 during trading hours on Monday, reaching $182.77. 6,073,253 shares of the company traded hands, compared to its average volume of 4,122,264. The stock's fifty day moving average price is $192.17 and its 200 day moving average price is $172.76. The firm has a market cap of $76.78 billion, a price-to-earnings ratio of 676.93 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Benchmark increased their price target on DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Piper Sandler reiterated a "neutral" rating and set a $210.00 target price (up previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Royal Bank of Canada upped their price target on DoorDash from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of DoorDash from $155.00 to $205.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.21.
Read Our Latest Analysis on DASH
Insiders Place Their Bets
In related news, CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the sale, the chief financial officer now directly owns 351,970 shares in the company, valued at $71,840,596.70. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the sale, the director now directly owns 16,176 shares of the company's stock, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 351,445 shares of company stock worth $62,258,130 in the last three months. Corporate insiders own 7.92% of the company's stock.
About DoorDash
(
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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