PDS Planning Inc Invests $203,000 in DoorDash, Inc. (NASDAQ:DASH)

PDS Planning Inc acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,212 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DASH. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the fourth quarter worth $29,000. Denver PWM LLC acquired a new stake in DoorDash during the 4th quarter worth $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the fourth quarter worth about $34,000. ORG Wealth Partners LLC acquired a new position in DoorDash in the fourth quarter valued at about $36,000. Finally, IFP Advisors Inc increased its holdings in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $169.32, for a total transaction of $1,185,240.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $62,139,254.76. This trade represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,525. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 363,730 shares of company stock valued at $63,922,178. Insiders own 7.92% of the company’s stock.

DoorDash Stock Up 2.9 %

Shares of DASH stock opened at $190.66 on Thursday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The company has a market capitalization of $80.10 billion, a PE ratio of 706.15 and a beta of 1.70. The firm has a 50 day moving average price of $188.93 and a two-hundred day moving average price of $168.79.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Oppenheimer reiterated a “hold” rating on shares of DoorDash in a report on Monday, March 10th. Benchmark upped their price target on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Susquehanna raised their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Finally, Citigroup reiterated a “buy” rating on shares of DoorDash in a report on Saturday, March 8th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target 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.