DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Mariner LLC

Mariner LLC lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,167 shares of the company’s stock after purchasing an additional 623 shares during the period. Mariner LLC’s holdings in DoorDash were worth $36,766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DASH. IFP Advisors Inc increased its stake in DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position 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 buying an additional 69 shares during the last quarter. Avestar Capital LLC raised its stake in DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after acquiring an additional 75 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in DoorDash by 0.7% in the fourth 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 during the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in DoorDash by 3.7% in the fourth 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. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Down 0.2 %

Shares of DASH opened at $181.55 on Wednesday. The company has a 50-day moving average of $189.69 and a two-hundred day moving average of $175.88. The stock has a market cap of $76.27 billion, a P/E ratio of 672.41 and a beta of 1.69. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DASH shares. Needham & Company LLC reissued a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Susquehanna raised their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Mizuho lifted their price objective on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada increased their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Ten investment 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, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $207.55.

Insider Buying and Selling

In related news, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. The trade was a 8.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,511 shares of company stock worth $30,308,544 in the last ninety days. 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.