DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,845 shares of the company’s stock after purchasing an additional 572 shares during the period. Empowered Funds LLC’s holdings in DoorDash were worth $1,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. raised its position in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in DoorDash during the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC acquired a new position in shares of DoorDash during the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of DoorDash in the third quarter worth approximately $54,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other DoorDash news, Director Stanley Tang sold 1,855 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $315,312.90. Following the sale, the director now owns 35,413 shares of the company’s stock, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 7,980 shares of DoorDash stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the transaction, the insider now owns 124,221 shares of the company’s stock, valued at $21,115,085.58. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 882,426 shares of company stock valued at $154,357,178. 7.92% of the stock is currently owned by company insiders.

DoorDash Price Performance

NASDAQ DASH opened at $213.38 on Monday. The company has a market cap of $88.64 billion, a P/E ratio of -474.18, a P/E/G ratio of 2.04 and a beta of 1.72. The stock has a 50-day moving average of $179.29 and a two-hundred day moving average of $158.14. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $214.64.

Analysts Set New Price Targets

Several research firms recently commented on DASH. JMP Securities reissued a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $240.00 target price (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Jefferies Financial Group raised their price target on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald upped their price objective on shares of DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Mizuho raised their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $205.45.

DoorDash Company 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.