NEOS Investment Management LLC Grows Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

NEOS Investment Management LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 19.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,874 shares of the company's stock after acquiring an additional 4,244 shares during the quarter. NEOS Investment Management LLC's holdings in DoorDash were worth $4,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of DASH. Raymond James Trust N.A. purchased a new position in DoorDash in the 3rd quarter worth approximately $216,000. DRW Securities LLC bought a new stake in DoorDash during the 3rd quarter valued at $289,000. Loomis Sayles & Co. L P boosted its position in DoorDash by 1,100.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 6,531 shares of the company's stock valued at $932,000 after buying an additional 5,987 shares during the period. Dai ichi Life Insurance Company Ltd bought a new stake in DoorDash in the 3rd quarter worth $1,376,000. Finally, Townsquare Capital LLC grew its holdings in DoorDash by 129.6% in the 3rd quarter. Townsquare Capital LLC now owns 5,640 shares of the company's stock worth $805,000 after acquiring an additional 3,184 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 108,332 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at approximately $255,525. This trade represents a 98.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ravi Inukonda sold 15,198 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the sale, the chief financial officer now directly owns 351,970 shares of the company's stock, valued at $71,840,596.70. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 351,445 shares of company stock valued at $62,258,130. Insiders own 7.92% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group increased their target price on shares of DoorDash from $200.00 to $204.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. FBN Securities assumed coverage on DoorDash in a research report on Friday. They issued an "outperform" rating and a $230.00 price objective on the stock. Citigroup restated a "buy" rating on shares of DoorDash in a report on Saturday, March 8th. Wedbush raised their price target on DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Bank of America boosted their price target on shares of DoorDash from $205.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and a consensus price target of $207.21.

DoorDash Stock Performance

Shares of NASDAQ DASH traded down $1.11 during midday trading on Tuesday, hitting $181.66. 850,311 shares of the company's stock traded hands, compared to its average volume of 4,110,011. The stock has a market capitalization of $76.32 billion, a price-to-earnings ratio of 669.72 and a beta of 1.70. The firm has a fifty day moving average of $192.17 and a 200 day moving average of $172.76. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

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.