Proficio Capital Partners LLC Buys New Shares in DoorDash, Inc. (NASDAQ:DASH)

Proficio Capital Partners LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 219,417 shares of the company's stock, valued at approximately $36,807,000. Proficio Capital Partners LLC owned approximately 0.05% of DoorDash as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Baillie Gifford & Co. lifted its stake in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock worth $789,766,000 after buying an additional 700,465 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in DoorDash by 5,396.1% during the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company's stock valued at $94,716,000 after buying an additional 651,525 shares during the last quarter. Franklin Resources Inc. boosted its stake in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock valued at $570,135,000 after buying an additional 501,905 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in DoorDash by 37.5% during the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company's stock valued at $294,701,000 after buying an additional 476,360 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 15,198 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares of the company's stock, valued at $71,840,596.70. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company's 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 transaction, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. This represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 576,536 shares of company stock worth $101,844,949. 7.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DASH. Oppenheimer increased their target price on DoorDash from $180.00 to $235.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on shares of DoorDash from $166.00 to $198.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Bank of America boosted their target price on shares of DoorDash from $205.00 to $245.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Wedbush upped their price objective on DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Finally, Needham & Company LLC lifted their target price on DoorDash from $180.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and an average price target of $206.52.

DoorDash Stock Performance

NASDAQ:DASH traded down $1.28 during trading hours on Tuesday, reaching $196.82. The company's stock had a trading volume of 3,038,268 shares, compared to its average volume of 3,598,329. The company has a market capitalization of $82.68 billion, a P/E ratio of 726.53 and a beta of 1.72. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The stock has a 50 day moving average price of $185.52 and a two-hundred day moving average price of $164.27.

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.