DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 29.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,053 shares of the company's stock after acquiring an additional 4,343 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in DoorDash were worth $3,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pittenger & Anderson Inc. purchased a new stake in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at about $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash in the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc boosted its position in shares of 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 purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Performance

NASDAQ DASH traded up $6.26 during trading hours on Tuesday, reaching $172.56. The company's stock had a trading volume of 1,172,930 shares, compared to its average volume of 4,182,824. The company's 50-day moving average is $191.57 and its two-hundred day moving average is $174.26. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The stock has a market cap of $72.49 billion, a PE ratio of 639.54 and a beta of 1.69.

Insider Activity at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the sale, the director now owns 16,176 shares of the company's stock, valued at $2,722,744.32. This trade represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 258,523 shares of company stock valued at $47,227,120. 7.92% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial boosted their price objective on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. UBS Group upped their price target 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. Roth Mkm raised their price objective on shares of DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Cantor Fitzgerald lifted their price objective on shares of DoorDash from $200.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Wedbush raised their price target on DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, DoorDash has an average rating of "Moderate Buy" and an average price target of $207.00.

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.