Catalina Capital Group LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,200 shares of the company’s stock, valued at approximately $201,000.
A number of other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of DoorDash by 34.0% in the 4th 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. Wealth Enhancement Advisory Services LLC grew its holdings in shares of DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of DoorDash by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after acquiring an additional 88 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of DoorDash by 1.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock valued at $1,169,000 after acquiring an additional 91 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of DoorDash by 3.9% in the 4th quarter. Ballentine Partners LLC now owns 2,962 shares of the company’s stock valued at $497,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on DASH. Morgan Stanley raised their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Citigroup raised their target price on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. DA Davidson raised their target price on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. BMO Capital Markets raised their target price on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Evercore ISI raised their target price on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $179.39.
DoorDash Price Performance
Shares of NASDAQ:DASH opened at $194.57 on Wednesday. The company’s 50 day simple moving average is $175.84 and its 200 day simple moving average is $152.85. The stock has a market capitalization of $80.82 billion, a price-to-earnings ratio of -432.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $194.70.
Insider Activity at DoorDash
In other DoorDash news, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,375. The trade was a 98.63 % 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, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock valued at $181,434,201 over the last three months. 7.92% of the stock is owned by insiders.
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.
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