Farther Finance Advisors LLC Purchases 139 Shares of DoorDash, Inc. (NASDAQ:DASH)

Farther Finance Advisors LLC lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,231 shares of the company’s stock after purchasing an additional 139 shares during the period. Farther Finance Advisors LLC’s holdings in DoorDash were worth $1,548,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DASH. IFP Advisors Inc increased its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after buying an additional 69 shares during the last quarter. Avestar Capital LLC increased its holdings in DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after buying an additional 75 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings 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 during the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in DoorDash by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after buying an additional 88 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Down 5.0 %

DASH opened at $178.29 on Friday. The stock has a market cap of $74.90 billion, a PE ratio of 660.33 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The business’s fifty day simple moving average is $187.66 and its 200 day simple moving average is $166.78.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DASH. JMP Securities reiterated a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a research note on Thursday, February 6th. Truist Financial boosted their target price on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wedbush increased their target price on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Morgan Stanley increased their target price on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Evercore ISI restated an “outperform” rating on shares of DoorDash in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

Insider Activity

In related news, General Counsel Tia Sherringham sold 12,088 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $268,110. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 522,062 shares of company stock valued at $92,218,440. 7.92% of the stock is currently owned by insiders.

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.