Autumn Glory Partners LLC Makes New $285,000 Investment in DoorDash, Inc. (NASDAQ:DASH)

Autumn Glory Partners LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,697 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds have also recently added to or reduced their stakes in DASH. Rakuten Securities Inc. lifted its stake in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in DoorDash during the fourth quarter worth about $34,000. ORG Wealth Partners LLC bought a new stake in DoorDash during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 acquiring an additional 69 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of DoorDash in the 3rd quarter valued at about $54,000. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DASH shares. Truist Financial boosted their target price on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research boosted their target price on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Oppenheimer boosted their target price on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America boosted their target price on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their target price on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $205.45.

DoorDash Stock Up 3.8 %

DoorDash stock opened at $213.38 on Friday. The company has a market capitalization of $88.64 billion, a P/E ratio of -474.18, a PEG ratio of 2.04 and a beta of 1.72. The stock’s 50 day moving average is $179.29 and its 200 day moving average is $157.46. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $214.64.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 108,334 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $270,105. This trade represents a 98.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 932,426 shares of company stock worth $162,990,678 in the last 90 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.