Ieq Capital LLC Purchases 13,188 Shares of DoorDash, Inc. (NASDAQ:DASH)

Ieq Capital LLC lifted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,245 shares of the company's stock after buying an additional 13,188 shares during the period. Ieq Capital LLC's holdings in DoorDash were worth $29,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the 4th quarter valued at $29,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash in the 4th quarter valued at $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash in the 4th quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after acquiring an additional 69 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Transactions at DoorDash

In related news, insider Keith Yandell sold 4,474 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $177.36, for a total value of $793,508.64. Following the transaction, the insider now owns 114,238 shares of the company's stock, valued at approximately $20,261,251.68. This trade represents a 3.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,334 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $270,105. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 812,035 shares of company stock valued at $142,357,630 in the last 90 days. 7.92% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Evercore ISI increased their price target on DoorDash from $200.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Wedbush increased their price target on DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Loop Capital increased their price target on DoorDash from $170.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. KeyCorp increased their price target on DoorDash from $180.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $240.00 price objective (up from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $205.45.

DoorDash Price Performance

Shares of DASH stock 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. The company 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. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.24.

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.