RWA Wealth Partners LLC Reduces Holdings in DoorDash, Inc. (NASDAQ:DASH)

RWA Wealth Partners LLC lowered its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,077 shares of the company's stock after selling 1,715 shares during the quarter. RWA Wealth Partners LLC's holdings in DoorDash were worth $852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Pittenger & Anderson Inc. acquired a new position in DoorDash during the 4th quarter worth about $29,000. Denver PWM LLC acquired a new position in shares of DoorDash in the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC acquired a new stake in DoorDash during the 4th quarter valued at approximately $36,000. Finally, IFP Advisors Inc raised its holdings in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the completion of the sale, the chief operating officer now owns 925,222 shares in the company, valued at approximately $167,307,894.26. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,523 shares of company stock worth $47,227,120. Insiders own 7.92% of the company's stock.

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DoorDash Trading Down 8.1 %

Shares of DASH traded down $15.26 during trading hours on Thursday, reaching $173.99. 7,250,132 shares of the stock traded hands, compared to its average volume of 4,151,325. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The company has a market cap of $73.09 billion, a price-to-earnings ratio of 644.41 and a beta of 1.70. The stock has a fifty day simple moving average of $192.48 and a 200 day simple moving average of $173.23.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of DoorDash from $198.00 to $201.00 and gave the company an "equal weight" rating in a research note on Thursday. Bank of America upped 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. Oppenheimer reiterated a "hold" rating on shares of DoorDash in a report on Monday, March 10th. FBN Securities started coverage on DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price objective on the stock. Finally, Barclays raised their target price on DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $207.29.

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.