Metis Global Partners LLC Increases Position in DoorDash, Inc. (NASDAQ:DASH)

Metis Global Partners LLC increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 58.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,178 shares of the company's stock after buying an additional 2,283 shares during the quarter. Metis Global Partners LLC's holdings in DoorDash were worth $1,036,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DASH. IFP Advisors Inc grew its stake in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after buying an additional 69 shares during the last quarter. Avestar Capital LLC increased its holdings in DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after buying an additional 75 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock worth $1,970,000 after buying an additional 84 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in DoorDash by 3.7% during 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. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Trading Up 1.0 %

DASH traded up $1.92 on Wednesday, hitting $195.33. The company had a trading volume of 1,571,262 shares, compared to its average volume of 3,602,202. The company's fifty day moving average price is $185.95 and its 200 day moving average price is $164.72. 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 $82.06 billion, a P/E ratio of 724.21 and a beta of 1.72.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at $268,110. The trade was a 98.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at $2,857,652.16. This represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 576,536 shares of company stock worth $101,844,949 over the last three months. Insiders own 7.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho upped their price target on shares of DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price objective on shares of DoorDash from $166.00 to $198.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. KeyCorp lifted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Roth Mkm increased their price target on shares of DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Truist Financial raised their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $206.52.

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.