Quotient Wealth Partners LLC Invests $200,000 in DoorDash, Inc. (NASDAQ:DASH)

Quotient Wealth Partners LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,195 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors have also made changes to their positions in DASH. Asset Management One Co. Ltd. increased its position in shares of DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after purchasing an additional 10,755 shares during the last quarter. Swedbank AB raised its position in DoorDash by 3.3% during the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after acquiring an additional 5,539 shares in the last quarter. Forsta AP Fonden lifted its stake in DoorDash by 18.6% in the third quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after acquiring an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after acquiring an additional 3,498 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’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 of the company’s stock, valued at approximately $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $168.53, for a total value of $3,370,600.00. Following the completion of the transaction, the chief operating officer now owns 925,222 shares of the company’s stock, valued at $155,927,663.66. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DASH has been the subject of several recent analyst reports. Wolfe Research raised their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Citigroup raised their price objective on DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. DA Davidson boosted their target price on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Susquehanna raised their price target on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on shares of DoorDash from $150.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.39.

DoorDash Stock Down 1.5 %

Shares of DASH stock opened at $192.63 on Tuesday. The business has a fifty day simple moving average of $177.18 and a 200 day simple moving average of $155.44. The company has a market cap of $80.02 billion, a P/E ratio of -428.07, a P/E/G ratio of 2.04 and a beta of 1.72. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $199.17.

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.