Illumine Investment Management LLC acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 20,407 shares of the company's stock, valued at approximately $3,423,000. DoorDash comprises 2.8% of Illumine Investment Management LLC's investment portfolio, making the stock its 6th largest holding.
A number of other institutional investors have also recently made changes to their positions in DASH. IFP Advisors Inc grew its position in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after buying an additional 69 shares during the period. Avestar Capital LLC grew its holdings in shares of DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after buying an additional 75 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock valued at $1,970,000 after acquiring an additional 84 shares during the period. Finally, Pallas Capital Advisors LLC increased its position in shares of DoorDash by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company's stock valued at $414,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.
Insider Activity
In other news, CEO Tony Xu sold 108,332 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $178.74, for a total value of $19,363,261.68. Following the sale, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at approximately $268,110. The trade was a 98.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company's stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 576,536 shares of company stock valued at $101,844,949 in the last 90 days. Company insiders own 7.92% of the company's stock.
DoorDash Trading Down 2.4 %
NASDAQ:DASH traded down $4.69 during trading hours on Tuesday, hitting $193.41. The company had a trading volume of 5,157,085 shares, compared to its average volume of 3,652,663. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The company has a 50-day moving average of $185.52 and a 200 day moving average of $164.27. The company has a market cap of $81.25 billion, a P/E ratio of 716.33 and a beta of 1.72.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on DASH shares. Bank of America boosted their price target on DoorDash from $205.00 to $245.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Wells Fargo & Company upped their target price on DoorDash from $166.00 to $198.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Truist Financial raised their price target on shares of DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Barclays lifted their price objective on shares of DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, February 13th. Finally, Wedbush raised their target price on shares of DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $206.52.
Read Our Latest Analysis on DoorDash
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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