DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Carmel Capital Partners LLC

Carmel Capital Partners LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 10.6% in the 4th quarter, Holdings Channel reports. The firm owned 2,971 shares of the company’s stock after buying an additional 284 shares during the period. Carmel Capital Partners LLC’s holdings in DoorDash were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in DoorDash during the fourth quarter valued at approximately $146,094,000. Arizona State Retirement System lifted its stake in DoorDash by 0.7% during the fourth quarter. Arizona State Retirement System now owns 88,147 shares of the company’s stock valued at $14,787,000 after purchasing an additional 618 shares during the last quarter. Aigen Investment Management LP lifted its stake in DoorDash by 31.3% during the fourth quarter. Aigen Investment Management LP now owns 20,021 shares of the company’s stock valued at $3,359,000 after purchasing an additional 4,767 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $219,000. Finally, M&T Bank Corp lifted its position in shares of DoorDash by 1.9% in the 4th quarter. M&T Bank Corp now owns 13,903 shares of the company’s stock valued at $2,332,000 after acquiring an additional 257 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on DASH shares. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Citigroup upped their price target on shares of DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price target on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. Evercore ISI upped their price target on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Barclays upped their price target on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.52.

DoorDash Price Performance

Shares of DoorDash stock opened at $195.08 on Thursday. The firm has a fifty day moving average price of $186.41 and a two-hundred day moving average price of $164.94. The company has a market cap of $81.95 billion, a PE ratio of 722.52 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24.

Insider Transactions at DoorDash

In other news, insider Keith Yandell sold 4,474 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $177.36, for a total transaction of $793,508.64. Following the completion of the transaction, the insider now directly owns 114,238 shares of the company’s stock, valued at approximately $20,261,251.68. This trade represents a 3.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 15,198 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 576,536 shares of company stock valued at $101,844,949. Company insiders own 7.92% of the company’s stock.

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.