Smartleaf Asset Management LLC Has $264,000 Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Smartleaf Asset Management LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 67.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,555 shares of the company’s stock after acquiring an additional 624 shares during the quarter. Smartleaf Asset Management LLC’s holdings in DoorDash were worth $264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DASH. IFP Advisors Inc boosted its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after buying an additional 69 shares in the last quarter. Avestar Capital LLC boosted its stake in shares of DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after buying an additional 84 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in DoorDash by 3.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after acquiring an additional 88 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley upped their target price on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Wedbush upped their price objective on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Mizuho increased their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Oppenheimer boosted their target price on shares of DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $206.52.

DoorDash Trading Up 0.9 %

Shares of DASH stock opened at $195.08 on Thursday. The stock has a market cap of $81.95 billion, a price-to-earnings ratio of 722.52 and a beta of 1.72. The stock has a 50-day moving average of $186.41 and a 200-day moving average of $164.94. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24.

Insider Transactions at DoorDash

In related news, insider Keith Yandell sold 4,474 shares of DoorDash stock in a transaction on Friday, December 6th. The shares were sold at an average price of $177.36, for a total transaction of $793,508.64. Following the completion of the transaction, the insider now owns 114,238 shares of the company’s stock, valued at $20,261,251.68. This trade represents a 3.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $268,110. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 576,536 shares of company stock worth $101,844,949. Company insiders own 7.92% of the company’s stock.

DoorDash 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.