Venturi Wealth Management LLC Boosts Holdings in DoorDash, Inc. (NASDAQ:DASH)

Venturi Wealth Management LLC raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 47.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 624 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Venturi Wealth Management LLC’s holdings in DoorDash were worth $105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after buying an additional 69 shares in the last quarter. Avestar Capital LLC raised its holdings in DoorDash by 1.1% during the 4th 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 lifted 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 acquiring an additional 84 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of DoorDash by 3.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after acquiring an additional 88 shares during the period. Finally, Central Pacific Bank Trust Division grew its position in shares of DoorDash by 1.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock valued at $1,169,000 after purchasing an additional 91 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

Shares of DoorDash stock opened at $199.94 on Monday. The company’s 50 day moving average price is $182.56 and its 200-day moving average price is $161.31. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The stock has a market capitalization of $83.99 billion, a price-to-earnings ratio of 740.52 and a beta of 1.72.

Insider Activity

In related news, CEO Tony Xu sold 108,334 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $270,105. This represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Friday, November 29th. The shares were sold at an average price of $179.76, for a total transaction of $1,258,320.00. Following the completion of the sale, the chief financial officer now owns 373,993 shares in the company, valued at approximately $67,228,981.68. This trade represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 812,035 shares of company stock valued at $142,357,630. Insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of a number of recent research reports. Bank of America increased their price objective on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Barclays raised their price objective on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Benchmark upped their target price on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. JMP Securities reissued a “market outperform” rating and issued a $200.00 price target on shares of DoorDash in a report on Thursday, February 6th. Finally, Morgan Stanley upped their price target on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Nine 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 presently has a consensus rating of “Moderate Buy” and an average price target of $205.45.

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.