18 hours Ago By ABMN Staff
LPL Financial LLC boosted its stake in DoorDash, Inc. ( NASDAQ:DASH – Free Report ) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC.
The firm owned 75,192 shares of the company’s stock after acquiring an additional 14,037 shares during the quarter. LPL Financial LLC’s holdings in DoorDash were worth $12,613,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds also recently added to or reduced their stakes in DASH.
Fox Run Management L.L.C.
grew its position in shares of DoorDash by 92.5% in the fourth quarter. Fox Run Management L.
L.C. now owns 4,107 shares of the company’s stock valued at $689,000 after purchasing an additional 1,974 shares during the period.
KLP Kapitalforvaltning AS purchased a new position in DoorDash in the 4th quarter valued at about $17,178,000. Sei Investments Co. boosted its holdings in DoorDash by 13.
9% in the 4th quarter. Sei Investments Co. now owns 305,371 shares of the company’s stock worth $51,227,000 after buying an additional 37,267 shares during the last quarter.
American Century Companies Inc. increased its stake in DoorDash by 15.8% during the 4th quarter.
American Century Companies Inc. now owns 852,540 shares of the company’s stock worth $143,014,000 after buying an additional 116,551 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of DoorDash during the fourth quarter valued at approximately $623,000.
Hedge funds and other institutional investors own 90.64% of the company’s stock. Analyst Ratings Changes DASH has been the subject of several research reports.
Wells Fargo & Company boosted their price target on DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th.
JPMorgan Chase & Co. upped their target price on shares of DoorDash from $155.00 to $205.
00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Roth Mkm raised their price target on shares of DoorDash from $165.00 to $193.
00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Citigroup reaffirmed a “buy” rating on shares of DoorDash in a research note on Saturday, March 8th. Finally, Mizuho raised their target price on shares of DoorDash from $200.
00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock.
According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.21. Insiders Place Their Bets In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction dated Friday, March 28th.
The stock was sold at an average price of $185.58, for a total transaction of $3,711,600.00.
Following the sale, the chief operating officer now owns 887,348 shares in the company, valued at $164,674,041.84. This represents a 2.
20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th.
The shares were sold at an average price of $168.32, for a total value of $8,416,000.00.
Following the completion of the transaction, the director now owns 16,176 shares of the company’s stock, valued at $2,722,744.32. The trade was a 75.
56 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 213,113 shares of company stock worth $38,998,374 over the last three months.
Company insiders own 7.92% of the company’s stock. DoorDash Trading Up 3.
7 % DASH stock opened at $189.25 on Thursday. The business’s fifty day moving average price is $192.
48 and its 200 day moving average price is $173.23. DoorDash, Inc.
has a 12-month low of $99.32 and a 12-month high of $215.25.
The company has a market capitalization of $79.50 billion, a PE ratio of 700.93 and a beta of 1.
70. DoorDash Company Profile ( 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.
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