HighPoint Advisor Group LLC Takes $244,000 Position in DoorDash, Inc. (NASDAQ:DASH)

HighPoint Advisor Group LLC acquired a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,456 shares of the company's stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. IFP Advisors Inc boosted its position in 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 during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 purchasing an additional 69 shares during the period. Avestar Capital LLC grew its stake in DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after purchasing an additional 75 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings 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 purchasing an additional 84 shares during the period. Finally, Pallas Capital Advisors LLC raised its position 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 purchasing an additional 88 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Price Performance

DASH stock traded up $5.00 during midday trading on Tuesday, hitting $171.30. 1,298,034 shares of the stock traded hands, compared to its average volume of 4,183,521. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The stock's fifty day simple moving average is $191.57 and its 200-day simple moving average is $174.26. The firm has a market cap of $71.96 billion, a P/E ratio of 635.19 and a beta of 1.69.

Insider Buying and Selling

In other DoorDash news, 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 transaction, the insider now directly owns 105,162 shares of the company's stock, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the business's 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 sale, the director now directly owns 18,285 shares of the company's stock, valued at $3,313,424.85. This represents a 71.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,523 shares of company stock valued at $47,227,120. 7.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Susquehanna raised their price target on DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a research note on Thursday, February 13th. UBS Group raised their target price on shares of DoorDash from $200.00 to $204.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group upped their price target on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Roth Mkm lifted their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $206.12.

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.