Jump Financial LLC Raises Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Jump Financial LLC boosted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 404.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,738 shares of the company's stock after buying an additional 119,243 shares during the period. DoorDash makes up approximately 0.5% of Jump Financial LLC's portfolio, making the stock its 22nd biggest position. Jump Financial LLC's holdings in DoorDash were worth $24,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Guggenheim Capital LLC grew its stake in shares of DoorDash by 25.5% in the fourth quarter. Guggenheim Capital LLC now owns 158,407 shares of the company's stock valued at $26,573,000 after buying an additional 32,177 shares in the last quarter. Mariner LLC increased its stake in DoorDash by 0.3% during the fourth quarter. Mariner LLC now owns 219,167 shares of the company's stock worth $36,766,000 after purchasing an additional 623 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of DoorDash during the fourth quarter worth about $229,000. Synovus Financial Corp purchased a new position in shares of DoorDash in the fourth quarter valued at approximately $228,000. Finally, Summit Investment Advisors Inc. increased its stake in DoorDash by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,376 shares of the company's stock worth $2,076,000 after buying an additional 802 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Transactions at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the sale, the director now owns 18,285 shares in the company, valued at approximately $3,313,424.85. This trade represents a 71.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the transaction, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,511 shares of company stock valued at $30,308,544 in the last 90 days. 7.92% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DASH has been the subject of several analyst reports. Bank of America lowered their target price on DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, April 7th. FBN Securities began coverage on DoorDash in a research report on Friday, March 28th. They set an "outperform" rating and a $230.00 price objective for the company. Wolfe Research upped their target price on shares of DoorDash from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Mizuho increased their price objective on shares of DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Ten equities research 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 company has an average rating of "Moderate Buy" and an average price target of $208.88.

DoorDash Stock Up 1.0 %

Shares of DASH traded up $1.85 on Friday, reaching $181.24. The stock had a trading volume of 2,495,257 shares, compared to its average volume of 4,253,946. The firm has a 50-day moving average of $188.90 and a 200 day moving average of $176.67. The firm has a market capitalization of $76.14 billion, a PE ratio of 671.26 and a beta of 1.69. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

DoorDash Company 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.