2,109 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new position in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,109 shares of the company’s stock, valued at approximately $354,000.

Several other hedge funds also recently added to or reduced their stakes in the business. IFP Advisors Inc grew its position in DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB grew 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 worth $46,000 after acquiring an additional 69 shares during the period. Avestar Capital LLC boosted its position in shares of 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 period. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 period. Finally, 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 worth $414,000 after buying an additional 88 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Performance

DASH opened at $177.86 on Tuesday. The business’s 50-day simple moving average is $186.94 and its 200-day simple moving average is $166.24. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The stock has a market capitalization of $74.72 billion, a P/E ratio of 658.74 and a beta of 1.70.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 15,198 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the transaction, the chief financial officer now owns 351,970 shares of the company’s stock, valued at $71,840,596.70. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Keith Yandell sold 8,116 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 $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares in the company, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 572,062 shares of company stock worth $101,051,440. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DASH. Wells Fargo & Company raised their price target on DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their price target on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. BMO Capital Markets restated an “outperform” rating and set a $240.00 price target (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Piper Sandler restated a “neutral” rating and set a $210.00 price target (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, Truist Financial raised their price target on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

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.