1,711 Shares in DoorDash, Inc. (NASDAQ:DASH) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,711 shares of the company’s stock, valued at approximately $287,000.

A number of other hedge funds have also recently bought and sold shares of DASH. MassMutual Private Wealth & Trust FSB lifted its position in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during 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 worth $1,970,000 after purchasing an additional 84 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of DoorDash by 3.7% during the 4th 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. Central Pacific Bank Trust Division boosted its holdings in DoorDash by 1.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock valued at $1,169,000 after purchasing an additional 91 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in DoorDash by 3.9% in the fourth quarter. Ballentine Partners LLC now owns 2,962 shares of the company’s stock valued at $497,000 after acquiring an additional 112 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ravi Inukonda sold 14,219 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $2,416,945.62. Following the completion of the sale, the chief financial officer now directly owns 380,993 shares of the company’s stock, valued at $64,761,190.14. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,040,758 shares of company stock valued at $181,434,201. Insiders own 7.92% of the company’s stock.

DoorDash Stock Up 0.2 %

Shares of DASH stock opened at $193.09 on Wednesday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $199.17. The firm has a 50 day moving average price of $177.52 and a two-hundred day moving average price of $156.06. The company has a market capitalization of $80.21 billion, a PE ratio of -429.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DASH shares. Mizuho increased their price target on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. KeyCorp boosted their price target on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Citigroup lifted their price target on shares of DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, UBS Group boosted their price objective on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $180.82.

About DoorDash

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.