Symmetry Investments LP Invests $2.35 Million in DoorDash, Inc. (NASDAQ:DASH)

Symmetry Investments LP purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the company's stock, valued at approximately $2,348,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC lifted its position in shares of DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc lifted its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after purchasing an additional 69 shares during the period. Avestar Capital LLC increased its stake in shares of DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after purchasing an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock worth $1,970,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the sale, the chief operating officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the transaction, the director now directly owns 18,285 shares of the company's stock, valued at $3,313,424.85. The trade was a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,511 shares of company stock valued at $30,308,544 in the last 90 days. Company insiders own 7.92% of the company's stock.

DoorDash Stock Performance

Shares of DASH opened at $176.61 on Wednesday. The stock has a market capitalization of $74.19 billion, a PE ratio of 654.11 and a beta of 1.69. The company's 50-day simple moving average is $187.74 and its 200-day simple moving average is $177.09. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DASH shares. JPMorgan Chase & Co. lowered their price objective on DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets reiterated an "outperform" rating and set a $240.00 price target (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Needham & Company LLC restated a "buy" rating on shares of DoorDash in a report on Monday, March 3rd. The Goldman Sachs Group upped their target price on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Benchmark boosted their price target on shares of DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $208.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.