18 hours Ago By Defense World Staff
LPL Financial LLC lifted its holdings in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 23.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 75,192 shares of the company’s stock after buying an additional 14,037 shares during the quarter. LPL Financial LLC’s holdings in DoorDash were worth $12,613,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently modified their holdings of the business.
Fox Run Management L.L.C.
lifted its position in shares of DoorDash by 92.5% during the fourth quarter. Fox Run Management L.
L.C. now owns 4,107 shares of the company’s stock worth $689,000 after purchasing an additional 1,974 shares during the last quarter.
KLP Kapitalforvaltning AS purchased a new position in DoorDash in the 4th quarter worth about $17,178,000. Sei Investments Co. lifted its holdings in DoorDash by 13.
9% during the 4th quarter. Sei Investments Co. now owns 305,371 shares of the company’s stock valued at $51,227,000 after buying an additional 37,267 shares in the last quarter.
American Century Companies Inc. boosted its position in DoorDash by 15.8% in the 4th quarter.
American Century Companies Inc. now owns 852,540 shares of the company’s stock valued at $143,014,000 after buying an additional 116,551 shares during the period. Finally, Virtu Financial LLC bought a new position in DoorDash in the 4th quarter worth about $623,000.
90.64% of the stock is owned by institutional investors. Insider ActivityIn related news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th.
The shares were sold at an average price of $183.20, for a total value of $261,060.00.
Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares in the company, valued at $67,233,117.60. The trade was a 0.
39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 16,176 shares in the company, valued at approximately $2,722,744.32. This represents 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 valued at $38,998,374 in the last ninety days.
Insiders own 7.92% of the company’s stock. DoorDash Stock Up 3.
7 %Shares of NASDAQ DASH opened at $189.25 on Thursday. DoorDash, Inc.
has a 52 week low of $99.32 and a 52 week high of $215.25.
The firm has a market cap of $79.50 billion, a P/E ratio of 700.93 and a beta of 1.
70. The business’s 50 day moving average price is $192.48 and its 200 day moving average price is $173.
23. Wall Street Analyst Weigh InSeveral research firms have recently weighed in on DASH. Benchmark lifted their price target on shares of DoorDash from $180.
00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Cantor Fitzgerald lifted their target price on DoorDash from $200.
00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Susquehanna raised their price target on DoorDash from $180.
00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.
00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Finally, Wedbush raised their target price on shares of DoorDash from $160.00 to $210.
00 and gave the company a “neutral” rating in a research report 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 stock. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $207.
21.View Our Latest Analysis on DoorDashAbout 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.
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