Stonebridge Financial Group LLC Takes $287,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Stonebridge Financial Group LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,711 shares of the company’s stock, valued at approximately $287,000.

A number of other large investors have also recently added to or reduced their stakes in DASH. Cetera Investment Advisers raised its position in DoorDash by 7.2% in the second quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock valued at $1,278,000 after purchasing an additional 788 shares during the period. CWM LLC increased its position in shares of DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after purchasing an additional 5,273 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in DoorDash in the 3rd quarter valued at about $97,000. Creative Planning raised its holdings in DoorDash by 58.3% in the 3rd quarter. Creative Planning now owns 109,972 shares of the company’s stock valued at $15,696,000 after buying an additional 40,489 shares during the period. Finally, Swedbank AB lifted its position in DoorDash by 1.0% in the third quarter. Swedbank AB now owns 165,516 shares of the company’s stock valued at $23,624,000 after buying an additional 1,588 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Up 0.2 %

Shares of DASH stock opened at $193.09 on Wednesday. The stock has a market cap of $80.21 billion, a P/E ratio of -429.09, a P/E/G ratio of 2.04 and a beta of 1.72. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $199.17. The business has a fifty day simple moving average of $177.52 and a 200-day simple moving average of $156.06.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the sale, the director now owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent analyst reports. Wolfe Research lifted their price target on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their target price on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. KeyCorp upped their price target on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Royal Bank of Canada lifted their price objective on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Piper Sandler boosted their price objective on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $180.82.

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.