Steward Partners Investment Advisory LLC Boosts Stake in DoorDash, Inc. (NASDAQ:DASH)

Steward Partners Investment Advisory LLC grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 66.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,242 shares of the company’s stock after buying an additional 495 shares during the period. Steward Partners Investment Advisory LLC’s holdings in DoorDash were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash in the fourth quarter worth $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the fourth quarter worth $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the fourth quarter worth $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash in the fourth quarter worth $36,000. Finally, IFP Advisors Inc increased its stake in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Trading Up 2.9 %

NASDAQ:DASH opened at $183.50 on Friday. The company’s 50-day moving average price is $187.99 and its 200-day moving average price is $167.51. The company has a market cap of $77.09 billion, a P/E ratio of 679.63 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

Insider Transactions at DoorDash

In other DoorDash news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 522,062 shares of company stock valued at $92,218,440. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research reports. Barclays increased their price objective on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Royal Bank of Canada increased their price objective on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Wolfe Research raised their price target on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Benchmark raised their price target on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Bank of America raised their price target on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

About DoorDash

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.