1,308 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,308 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds have also recently bought and sold shares of the business. Raymond James Trust N.A. acquired a new stake in shares of DoorDash in the third quarter valued at about $216,000. DRW Securities LLC purchased a new stake in shares of DoorDash during the third quarter worth about $289,000. Loomis Sayles & Co. L P raised its position in shares of DoorDash by 1,100.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 6,531 shares of the company’s stock valued at $932,000 after purchasing an additional 5,987 shares in the last quarter. Dai ichi Life Insurance Company Ltd purchased a new position in shares of DoorDash during the 3rd quarter valued at approximately $1,376,000. Finally, Townsquare Capital LLC raised its stake in shares of DoorDash by 129.6% in the 3rd quarter. Townsquare Capital LLC now owns 5,640 shares of the company’s stock valued at $805,000 after purchasing an additional 3,184 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Trading Up 0.6 %

Shares of NASDAQ:DASH opened at $194.02 on Friday. The stock has a market capitalization of $81.51 billion, a PE ratio of 718.59 and a beta of 1.70. The firm has a fifty day moving average price of $191.84 and a 200 day moving average price of $171.37. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DASH. Piper Sandler reaffirmed a “neutral” rating and set a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Wedbush lifted their price objective on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald increased their price objective on DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Benchmark boosted their price target on DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, 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 report on Thursday, January 9th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.52.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,525. This trade represents a 98.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stanley Tang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.34, for a total value of $8,517,000.00. Following the completion of the transaction, the director now directly owns 35,413 shares in the company, valued at approximately $6,032,250.42. This represents a 58.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 358,445 shares of company stock valued at $63,443,370. Corporate 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.