Versor Investments LP Makes New $369,000 Investment in DoorDash, Inc. (NASDAQ:DASH)

Versor Investments LP bought a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,200 shares of the company's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of DoorDash during the 3rd quarter worth approximately $1,772,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of DoorDash by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,660 shares of the company's stock worth $1,664,000 after buying an additional 942 shares in the last quarter. US Bancorp DE raised its position in shares of DoorDash by 8.0% during the 3rd quarter. US Bancorp DE now owns 33,122 shares of the company's stock valued at $4,727,000 after buying an additional 2,456 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of DoorDash by 1,283.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,092 shares of the company's stock valued at $1,298,000 after buying an additional 8,435 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of DoorDash in the 3rd quarter valued at about $250,000. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on DASH shares. Roth Mkm raised their price target on DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. BMO Capital Markets reissued an "outperform" rating and set a $240.00 price target (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Bank of America upped their price objective on DoorDash from $205.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Loop Capital boosted their price target on DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a report on Monday, February 24th. Finally, Piper Sandler restated a "neutral" rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Nine 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 has an average rating of "Moderate Buy" and a consensus target price of $206.52.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 108,332 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $268,110. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00. Following the transaction, the director now owns 16,176 shares in the company, valued at $2,857,652.16. This trade represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 576,536 shares of company stock worth $101,844,949. Company insiders own 7.92% of the company's stock.

DoorDash Trading Up 0.9 %

DoorDash stock traded up $1.67 during mid-day trading on Wednesday, hitting $195.08. The company had a trading volume of 2,788,770 shares, compared to its average volume of 3,632,853. The company has a market capitalization of $81.95 billion, a price-to-earnings ratio of 722.52 and a beta of 1.72. The company's fifty day moving average is $186.41 and its 200-day moving average is $164.94. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24.

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.