NEOS Investment Management LLC Raises Position in DoorDash, Inc. (NASDAQ:DASH)

NEOS Investment Management LLC increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 19.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,874 shares of the company’s stock after purchasing an additional 4,244 shares during the period. NEOS Investment Management LLC’s holdings in DoorDash were worth $4,340,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash during the 4th quarter valued at about $29,000. Denver PWM LLC acquired a new position in DoorDash during the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash during the fourth quarter worth approximately $34,000. ORG Wealth Partners LLC acquired a new position in shares of DoorDash in the 4th quarter valued at $36,000. Finally, IFP Advisors Inc grew its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after buying an additional 54 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the transaction, the chief financial officer now directly owns 351,970 shares of the company’s stock, valued at $71,840,596.70. The trade was a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 16,176 shares in the company, valued at $2,722,744.32. The trade was a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 358,445 shares of company stock worth $63,443,370 over the last ninety days. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

NASDAQ DASH opened at $194.02 on Friday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The company has a 50-day simple moving average of $191.84 and a 200-day simple moving average of $171.37. The firm has a market capitalization of $81.51 billion, a PE ratio of 718.59 and a beta of 1.70.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DASH shares. Citigroup reiterated a “buy” rating on shares of DoorDash in a report on Saturday, March 8th. The Goldman Sachs Group lifted their price target on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Royal Bank of Canada increased their price objective on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

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.