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

Commonwealth Equity Services LLC increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 43.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,026 shares of the company’s stock after purchasing 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 quarter.

A number of other institutional investors also recently modified their holdings of the stock. Pittenger & Anderson Inc. bought a new stake in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash in the 4th quarter valued at about $34,000. ORG Wealth Partners LLC acquired a new position in DoorDash during the 4th quarter worth approximately $36,000. Finally, IFP Advisors Inc boosted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and set a $210.00 target price (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Loop Capital upped their price objective on shares of DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Needham & Company LLC reiterated a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Royal Bank of Canada upped their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price target on DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $207.21.

Insider Activity at DoorDash

In related news, General Counsel Tia Sherringham sold 12,088 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the sale, the general counsel now owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 358,445 shares of company stock worth $63,443,370. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Down 5.9 %

NASDAQ DASH opened at $182.61 on Friday. The firm has a market cap of $76.71 billion, a P/E ratio of 676.33 and a beta of 1.70. The company’s 50 day moving average is $192.00 and its 200-day moving average is $171.77. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

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.