Atria Wealth Solutions Inc. Grows Holdings in DoorDash, Inc. (NASDAQ:DASH)

Atria Wealth Solutions Inc. raised its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1,833.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,068 shares of the company's stock after acquiring an additional 30,409 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in DoorDash were worth $5,379,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DASH. Baillie Gifford & Co. lifted its stake in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter. Janus Henderson Group PLC lifted its stake in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock worth $789,766,000 after acquiring an additional 700,465 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in DoorDash by 5,396.1% in the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company's stock worth $94,716,000 after acquiring an additional 651,525 shares during the last quarter. Franklin Resources Inc. lifted its stake in DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock worth $570,135,000 after acquiring an additional 501,905 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in DoorDash by 37.5% in the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company's stock worth $294,701,000 after acquiring an additional 476,360 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at $67,233,117.60. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tony Xu sold 115,432 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at $265,515. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 812,035 shares of company stock valued at $142,357,630 in the last ninety days. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Down 1.1 %

Shares of NASDAQ:DASH traded down $2.31 on Friday, reaching $199.94. 4,096,182 shares of the company were exchanged, compared to its average volume of 3,848,726. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The firm has a market cap of $83.99 billion, a price-to-earnings ratio of 740.52 and a beta of 1.72. The company has a 50-day moving average of $182.56 and a 200-day moving average of $161.03.

Analyst Ratings Changes

Several analysts have recently weighed in on DASH shares. 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 research report on Wednesday, February 12th. Wedbush boosted their price objective on shares of DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Bank of America boosted their price objective on shares of DoorDash from $205.00 to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Susquehanna boosted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets restated an "outperform" rating and set a $240.00 price objective (up previously from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.45.

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.