Lbp Am Sa Buys New Holdings in DoorDash, Inc. (NASDAQ:DASH)

Lbp Am Sa bought a new stake in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, Holdings Channel reports. The institutional investor bought 30,492 shares of the company’s stock, valued at approximately $5,115,000.

A number of other large investors have also modified their holdings of DASH. Pittenger & Anderson Inc. acquired a new position in DoorDash during the fourth quarter worth $29,000. Denver PWM LLC acquired a new position in DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the fourth quarter worth $34,000. ORG Wealth Partners LLC acquired a new position in DoorDash during the fourth quarter worth $36,000. Finally, IFP Advisors Inc raised its stake 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 acquiring an additional 54 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Monday, December 16th. The shares were sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $268,110. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 522,062 shares of company stock valued at $92,218,440 over the last 90 days. 7.92% of the stock is owned by company insiders.

DoorDash Trading Up 2.9 %

Shares of DASH opened at $183.50 on Friday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock has a market cap of $77.09 billion, a P/E ratio of 679.63 and a beta of 1.70. The stock’s 50-day moving average price is $187.99 and its two-hundred day moving average price is $167.24.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Susquehanna increased their price objective on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research note on Thursday, February 13th. Piper Sandler restated a “neutral” rating and set a $210.00 target price (up previously from $160.00) on shares of DoorDash in a 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 report on Monday, January 13th. Barclays increased their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Finally, Cantor Fitzgerald increased their target price on DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.