Commonwealth Equity Services LLC Buys 3,013 Shares of DoorDash, Inc. (NASDAQ:DASH)

Commonwealth Equity Services LLC raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 43.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,026 shares of the company's stock after acquiring an additional 3,013 shares during the period. Commonwealth Equity Services LLC's holdings in DoorDash were worth $1,682,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Pittenger & Anderson Inc. bought a new position in DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC acquired a new stake in DoorDash in the fourth quarter worth $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash during the fourth quarter worth $34,000. ORG Wealth Partners LLC acquired a new position in shares of DoorDash in the 4th quarter valued at $36,000. Finally, IFP Advisors Inc increased its position in shares of DoorDash by 31.8% in 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. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Activity at DoorDash

In other news, CFO Ravi Inukonda sold 15,198 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were 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 owns 351,970 shares of the company's stock, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stanley Tang sold 50,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $170.34, for a total transaction of $8,517,000.00. Following the transaction, the director now directly owns 35,413 shares in the company, valued at approximately $6,032,250.42. This represents a 58.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 371,445 shares of company stock worth $65,969,730. Insiders own 7.92% of the company's stock.

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Analyst Ratings Changes

DASH has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on DoorDash from $160.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Needham & Company LLC reissued a "buy" rating on shares of DoorDash in a research note on Monday, March 3rd. Barclays lifted their price target 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. Truist Financial increased their price objective 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. Finally, Bank of America raised their price objective on shares of DoorDash from $205.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.21.

DoorDash Stock Up 3.7 %

Shares of DASH traded up $6.83 during trading hours on Wednesday, hitting $189.25. The company had a trading volume of 5,345,054 shares, compared to its average volume of 4,138,977. The business has a fifty day moving average of $192.48 and a 200-day moving average of $173.23. The firm has a market cap of $79.50 billion, a price-to-earnings ratio of 700.93 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25.

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.