Ieq Capital LLC Boosts Position in DoorDash, Inc. (NASDAQ:DASH)

Ieq Capital LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,245 shares of the company’s stock after buying an additional 13,188 shares during the quarter. Ieq Capital LLC’s holdings in DoorDash were worth $29,901,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DASH. MassMutual Private Wealth & Trust FSB increased its holdings 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 valued at $46,000 after purchasing an additional 69 shares in the last quarter. Avestar Capital LLC increased its holdings in shares of DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after purchasing an additional 75 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after purchasing an additional 84 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings 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 purchasing an additional 88 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in DoorDash by 1.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after acquiring an additional 91 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Up 0.6 %

Shares of DASH opened at $213.24 on Thursday. The firm has a market cap of $88.58 billion, a P/E ratio of 789.78 and a beta of 1.72. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The company’s 50-day moving average price is $181.54 and its 200 day moving average price is $159.93.

Analysts Set New Price Targets

Several equities research analysts recently commented on DASH shares. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 price target (up previously from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. KeyCorp boosted their price target on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Royal Bank of Canada boosted their price target on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Piper Sandler reissued a “neutral” rating and issued a $210.00 price target (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Finally, Barclays boosted their price target on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.45.

Insider Activity at DoorDash

In other DoorDash news, insider Keith Yandell sold 5,509 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.24, for a total transaction of $970,906.16. Following the sale, the insider now directly owns 118,712 shares in the company, valued at $20,921,802.88. This represents a 4.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares in the company, valued at $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. In the last ninety days, insiders have sold 817,544 shares of company stock worth $143,328,536. Company insiders own 7.92% of the company’s stock.

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.