Empowered Funds LLC Purchases 572 Shares of DoorDash, Inc. (NASDAQ:DASH)

Empowered Funds LLC raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,845 shares of the company’s stock after buying an additional 572 shares during the period. Empowered Funds LLC’s holdings in DoorDash were worth $1,316,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DASH. Wilmington Savings Fund Society FSB boosted its holdings in DoorDash by 36.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 10,576 shares of the company’s stock valued at $1,774,000 after acquiring an additional 2,805 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of DoorDash by 59.2% during the fourth quarter. Apollon Wealth Management LLC now owns 2,437 shares of the company’s stock valued at $409,000 after purchasing an additional 906 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of DoorDash during the fourth quarter valued at $78,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of DoorDash by 9.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,317 shares of the company’s stock worth $4,918,000 after purchasing an additional 2,611 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in DoorDash by 2.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 799,695 shares of the company’s stock worth $134,149,000 after buying an additional 16,766 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH stock opened at $213.38 on Monday. The business has a fifty day moving average of $179.29 and a 200 day moving average of $158.14. The firm has a market capitalization of $88.64 billion, a price-to-earnings ratio of -474.18, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $214.64.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DASH shares. Barclays boosted their price objective on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday. Mizuho increased their price objective on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price objective on DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Finally, Loop Capital raised their price target on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.45.

Check Out Our Latest Research Report on DoorDash

Insider Transactions at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at approximately $2,857,652.16. This trade represents a 75.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 108,334 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at $270,105. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 882,426 shares of company stock worth $154,357,178 over the last three months. 7.92% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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