4 days Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its position in shares of DoorDash, Inc. ( NASDAQ:DASH – Free Report ) by 6.
5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,012 shares of the company’s stock after purchasing an additional 5,617 shares during the period. Envestnet Asset Management Inc.
’s holdings in DoorDash were worth $15,435,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently modified their holdings of the company. Pittenger & Anderson Inc.
acquired a new position in DoorDash during the fourth quarter worth approximately $29,000. Denver PWM LLC acquired a new position in shares of DoorDash during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash in the 4th quarter valued at $34,000.
ORG Wealth Partners LLC acquired a new stake in DoorDash during the 4th quarter valued at $36,000. Finally, IFP Advisors Inc boosted its position in DoorDash by 31.8% during the fourth quarter.
IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the period. 90.64% of the stock is owned by institutional investors.
Analyst Ratings Changes Several equities analysts have recently weighed in on the stock. Piper Sandler reissued a “neutral” rating and issued a $210.00 price objective (up from $160.
00) on shares of DoorDash in a research report on Wednesday, February 12th. UBS Group upped their target price on DoorDash from $200.00 to $204.
00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Oppenheimer reissued a “hold” rating on shares of DoorDash in a report on Monday, March 10th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th.
Finally, KeyCorp lowered their price objective on DoorDash from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday.
Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.
55. Insiders Place Their Bets In other news, COO Prabir Adarkar sold 20,000 shares of the company’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 value of $3,616,600.00. Following the completion of the transaction, the chief operating officer now owns 925,222 shares of the company’s stock, valued at $167,307,894.
26. This represents a 2.12 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.
21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares of the company’s stock, valued at approximately $3,313,424.
85. This trade represents a 71.29 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold a total of 158,511 shares of company stock valued at $30,308,544 in the last 90 days. Corporate insiders own 7.
92% of the company’s stock. DoorDash Stock Performance Shares of NASDAQ:DASH opened at $181.55 on Wednesday.
DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.
25. The company has a market capitalization of $76.27 billion, a PE ratio of 672.
41 and a beta of 1.69. The company has a fifty day moving average of $189.
69 and a 200-day moving average of $175.88. About DoorDash ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc.
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