Guggenheim Capital LLC Boosts Stake in DoorDash, Inc. (NASDAQ:DASH)

Guggenheim Capital LLC increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 25.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,407 shares of the company's stock after buying an additional 32,177 shares during the quarter. Guggenheim Capital LLC's holdings in DoorDash were worth $26,573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DASH. Stifel Financial Corp lifted its position in shares of DoorDash by 23.0% during the 3rd quarter. Stifel Financial Corp now owns 21,724 shares of the company's stock worth $3,101,000 after buying an additional 4,056 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of DoorDash during the 3rd quarter valued at $239,000. Sanctuary Advisors LLC boosted its holdings in shares of DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company's stock worth $1,522,000 after buying an additional 3,498 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in DoorDash during the third quarter valued at about $1,109,000. Finally, Tidal Investments LLC increased its holdings in DoorDash by 19.9% during the third quarter. Tidal Investments LLC now owns 12,321 shares of the company's stock worth $1,759,000 after buying an additional 2,049 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DASH shares. Citigroup restated a "buy" rating on shares of DoorDash in a research note on Saturday, March 8th. Piper Sandler reiterated a "neutral" rating and issued a $210.00 target price (up previously from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. FBN Securities began coverage on shares of DoorDash in a research note on Friday, March 28th. They set an "outperform" rating and a $230.00 price target on the stock. Wedbush lifted their price objective on shares of DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Wolfe Research increased their target price on DoorDash from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.88.

DoorDash Price Performance

DoorDash stock traded up $1.85 during mid-day trading on Friday, hitting $181.24. The company's stock had a trading volume of 2,495,257 shares, compared to its average volume of 4,253,946. The business has a 50 day moving average price of $188.90 and a 200-day moving average price of $176.67. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The stock has a market cap of $76.14 billion, a price-to-earnings ratio of 671.26 and a beta of 1.69.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company's stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Keith Yandell sold 8,116 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares of the company's stock, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,511 shares of company stock worth $30,308,544. Company insiders own 7.92% of the company's stock.

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.