Commonwealth Equity Services LLC Purchases 3,013 Shares of DoorDash, Inc. (NASDAQ:DASH)

Commonwealth Equity Services LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 43.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,026 shares of the company’s stock after buying an additional 3,013 shares during the quarter. Commonwealth Equity Services LLC’s holdings in DoorDash were worth $1,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC bought a new position in DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the fourth quarter valued at $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash in the fourth quarter valued at about $36,000. Finally, IFP Advisors Inc raised its position in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

DASH stock opened at $182.61 on Friday. 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 $76.71 billion, a P/E ratio of 676.33 and a beta of 1.70. The company has a fifty day moving average price of $192.00 and a 200-day moving average price of $171.77.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 16,176 shares of the company’s stock, valued at approximately $2,722,744.32. This represents a 75.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $169.32, for a total transaction of $1,185,240.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares in the company, valued at $62,139,254.76. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 358,445 shares of company stock valued at $63,443,370 in the last three months. Insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on DASH shares. Bank of America upped their price target on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Wells Fargo & Company lifted their price target on DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Barclays upped their price objective on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada lifted their target price on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.21.

DoorDash Profile

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.