Allworth Financial LP Buys 178 Shares of DoorDash, Inc. (NASDAQ:DASH)

Allworth Financial LP increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 840 shares of the company’s stock after purchasing an additional 178 shares during the period. Allworth Financial LP’s holdings in DoorDash were worth $149,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. grew its position in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in DoorDash in the fourth quarter valued at about $34,000. ORG Wealth Partners LLC bought a new position in DoorDash in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB grew its position in DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in DoorDash in the fourth quarter valued at about $59,000. Institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 108,334 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $270,105. This represents a 98.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was 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 owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 812,035 shares of company stock valued at $142,357,630. 7.92% of the stock is owned by insiders.

DoorDash Stock Down 1.1 %

Shares of NASDAQ:DASH opened at $199.94 on Monday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.24. The stock’s 50 day moving average is $182.56 and its 200-day moving average is $161.31. The firm has a market capitalization of $83.99 billion, a price-to-earnings ratio of 740.52 and a beta of 1.72.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a research report on Thursday, February 6th. Citigroup boosted their price target on DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Loop Capital boosted their price target on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC boosted their price target on DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Susquehanna boosted their price target on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.45.

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.