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

Quotient Wealth Partners LLC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, Holdings Channel reports. The firm acquired 1,195 shares of the company’s stock, valued at approximately $200,000.

Several other large investors have also bought and sold shares of DASH. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. State Street Corp lifted its stake in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after acquiring an additional 272,659 shares during the period. Janus Henderson Group PLC boosted its holdings in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after acquiring an additional 700,465 shares during the last quarter. Geode Capital Management LLC increased its position in DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after purchasing an additional 267,855 shares during the period. Finally, Franklin Resources Inc. raised its holdings in DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DASH shares. JPMorgan Chase & Co. upped their price objective on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Mizuho increased their price target on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America lifted their price objective on DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their target price on DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Needham & Company LLC lifted their target price on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.39.

Insider Buying and Selling

In related news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Friday, November 15th. The stock was 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 directly owns 1,500 shares in the company, valued at approximately $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $261,060.00. Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares in the company, 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. Over the last ninety days, insiders have sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is owned by insiders.

DoorDash Price Performance

DASH opened at $192.63 on Tuesday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $199.17. The company has a market capitalization of $80.02 billion, a price-to-earnings ratio of -428.07, a P/E/G ratio of 2.04 and a beta of 1.72. The firm’s fifty day moving average price is $177.18 and its two-hundred day moving average price is $155.44.

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.