Advisors Asset Management Inc. Acquires 10,365 Shares of DoorDash, Inc. $DASH

Advisors Asset Management Inc. boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 27.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,286 shares of the company’s stock after acquiring an additional 10,365 shares during the quarter. Advisors Asset Management Inc.’s holdings in DoorDash were worth $13,133,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. raised its holdings in DoorDash by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after buying an additional 42 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in DoorDash by 3.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after acquiring an additional 42 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in DoorDash by 1.9% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after acquiring an additional 45 shares during the period. Advisory Resource Group raised its stake in shares of DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after acquiring an additional 48 shares during the last quarter. Finally, Quotient Wealth Partners LLC lifted its holdings in shares of DoorDash by 3.2% during the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after purchasing an additional 48 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

Shares of DoorDash stock opened at $185.64 on Wednesday. The business has a 50-day simple moving average of $216.69 and a 200 day simple moving average of $235.58. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $80.01 billion, a price-to-earnings ratio of 94.23 and a beta of 1.77.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Morgan Stanley increased their price objective on DoorDash from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays decreased their price target on DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. cut their price objective on DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Royal Bank Of Canada reduced their target price on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Guggenheim dropped their price target on shares of DoorDash from $280.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $279.09.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 288,410 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $196.04, for a total transaction of $56,539,896.40. Following the transaction, the chief executive officer owned 232,040 shares in the company, valued at approximately $45,489,121.60. This represents a 55.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $222.52, for a total transaction of $6,675,600.00. The SEC filing for this sale provides additional information. Insiders sold 602,885 shares of company stock valued at $124,282,480 over the last three months. 5.83% of the stock is currently owned by company insiders.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.