Quinn Opportunity Partners LLC Has $14.09 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Quinn Opportunity Partners LLC reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,000 shares of the company's stock after selling 23,825 shares during the quarter. DoorDash accounts for approximately 1.0% of Quinn Opportunity Partners LLC's holdings, making the stock its 26th largest holding. Quinn Opportunity Partners LLC's holdings in DoorDash were worth $14,091,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB lifted its position in shares of DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock worth $28,694,000 after buying an additional 5,539 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company's stock worth $1,522,000 after buying an additional 3,498 shares in the last quarter. LVW Advisors LLC bought a new position in shares of DoorDash in the fourth quarter valued at approximately $236,000. Nordea Investment Management AB raised its holdings in DoorDash by 37.5% during the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company's stock worth $294,701,000 after purchasing an additional 476,360 shares in the last quarter. Finally, Retireful LLC boosted its stake in DoorDash by 121.4% during the 4th quarter. Retireful LLC now owns 9,621 shares of the company's stock valued at $1,614,000 after purchasing an additional 5,275 shares in 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 other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the sale, the chief operating officer now directly owns 925,222 shares of the company's stock, valued at approximately $167,307,894.26. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,511 shares of company stock worth $30,308,544. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Down 1.1 %

DoorDash stock traded down $1.96 during mid-day trading on Wednesday, reaching $179.59. The company had a trading volume of 1,691,972 shares, compared to its average volume of 5,579,618. The business has a fifty day simple moving average of $189.69 and a 200 day simple moving average of $175.88. The company has a market cap of $75.45 billion, a P/E ratio of 665.15 and a beta of 1.69. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DASH shares. Benchmark raised their target price on shares of DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Mizuho lifted their price target on DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Morgan Stanley raised their price target on shares of DoorDash from $160.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, January 13th. JMP Securities reissued a "market outperform" rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Finally, Wedbush raised their price objective on shares of DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued 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 target price of $207.55.

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.