V Square Quantitative Management LLC Purchases 1,707 Shares of DoorDash, Inc. (NASDAQ:DASH)

V Square Quantitative Management LLC lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 24.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,616 shares of the company’s stock after buying an additional 1,707 shares during the quarter. V Square Quantitative Management LLC’s holdings in DoorDash were worth $1,445,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DASH. MassMutual Private Wealth & Trust FSB raised its position in 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 purchasing an additional 69 shares during the last quarter. Avestar Capital LLC grew its stake in 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 acquiring an additional 75 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of DoorDash by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after buying an additional 88 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in shares of DoorDash by 1.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock valued at $1,169,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Up 2.4 %

DASH opened at $205.64 on Friday. The firm has a market cap of $85.42 billion, a price-to-earnings ratio of -456.98, a PEG ratio of 2.04 and a beta of 1.72. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $206.00. The company has a fifty day simple moving average of $178.59 and a 200 day simple moving average of $156.71.

Analysts Set New Price Targets

DASH has been the topic of several research reports. Wells Fargo & Company boosted their target price on DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wolfe Research boosted their target price on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Loop Capital upped their price objective on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC upped their price objective on DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.45.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 108,334 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at $270,105. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 932,426 shares of company stock worth $162,990,678. 7.92% of the stock is currently owned by insiders.

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.