DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Long Walk Management LP

Long Walk Management LP grew its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 114,200 shares of the company’s stock after purchasing an additional 200 shares during the quarter. DoorDash accounts for 7.0% of Long Walk Management LP’s holdings, making the stock its 8th largest holding. Long Walk Management LP’s holdings in DoorDash were worth $19,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB grew its holdings in DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after buying an additional 5,539 shares during the period. Sanctuary Advisors LLC grew its holdings in DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares during the period. LVW Advisors LLC acquired a new position in DoorDash during the fourth quarter worth approximately $236,000. Nordea Investment Management AB increased its position in DoorDash by 37.5% during the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock worth $294,701,000 after purchasing an additional 476,360 shares during the last quarter. Finally, Retireful LLC raised its stake in DoorDash by 121.4% during the fourth quarter. Retireful LLC now owns 9,621 shares of the company’s stock worth $1,614,000 after purchasing an additional 5,275 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Susquehanna upped their price objective on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Oppenheimer restated a “hold” rating on shares of DoorDash in a research note on Monday, March 10th. Needham & Company LLC restated a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Barclays boosted their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $200.00 price target on shares of DoorDash in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Stock Performance

Shares of DASH stock opened at $183.50 on Friday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The stock has a market capitalization of $77.09 billion, a price-to-earnings ratio of 679.63 and a beta of 1.70. The company’s 50-day simple moving average is $187.99 and its 200-day simple moving average is $167.51.

Insider Buying and Selling

In other news, Director Stanley Tang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $170.34, for a total value of $8,517,000.00. Following the completion of the sale, the director now directly owns 35,413 shares of the company’s stock, valued at approximately $6,032,250.42. This represents a 58.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $268,110. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 522,062 shares of company stock valued at $92,218,440 in the last quarter. Company insiders own 7.92% of the company’s stock.

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.