GenTrust LLC Purchases Shares of 271,178 DoorDash, Inc. (NASDAQ:DASH)

GenTrust LLC bought a new position in 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 bought 271,178 shares of the company's stock, valued at approximately $45,490,000. DoorDash accounts for about 2.0% of GenTrust LLC's portfolio, making the stock its 12th biggest position. GenTrust LLC owned about 0.07% of DoorDash at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after acquiring an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new position in DoorDash in the 4th quarter worth $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the 4th quarter worth about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash during the 4th quarter worth about $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DoorDash during the 4th quarter worth about $36,000. Institutional investors own 90.64% of the company's stock.

DoorDash Trading Up 1.3 %

Shares of DASH traded up $2.60 on Friday, reaching $198.44. 7,875,220 shares of the company's stock were exchanged, compared to its average volume of 3,594,623. The stock has a market capitalization of $83.36 billion, a P/E ratio of 734.96 and a beta of 1.72. The business has a 50 day moving average price of $184.95 and a two-hundred day moving average price of $163.54. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 115,432 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company's stock, valued at approximately $265,515. This represents a 98.72 % 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 Stanley Tang sold 50,000 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $176.88, for a total transaction of $8,844,000.00. Following the completion of the sale, the director now directly owns 35,413 shares of the company's stock, valued at $6,263,851.44. The trade was a 58.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 753,662 shares of company stock valued at $133,190,353 over the last ninety days. Insiders own 7.92% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DASH shares. Piper Sandler restated a "neutral" rating and set a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Royal Bank of Canada boosted their price objective on shares of DoorDash from $215.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Needham & Company LLC boosted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Benchmark boosted their price objective on shares of DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Susquehanna boosted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a report on Thursday, February 13th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $206.52.

DoorDash Profile

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.