271,178 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by GenTrust LLC

GenTrust LLC acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 271,178 shares of the company’s stock, valued at approximately $45,490,000. DoorDash comprises about 2.0% of GenTrust LLC’s investment portfolio, making the stock its 12th largest position. GenTrust LLC owned 0.07% of DoorDash as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Los Angeles Capital Management LLC boosted its holdings in shares of DoorDash by 18.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 505,552 shares of the company’s stock valued at $84,806,000 after purchasing an additional 80,419 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of DoorDash by 3.4% in the 4th quarter. Amalgamated Bank now owns 23,103 shares of the company’s stock valued at $3,876,000 after acquiring an additional 768 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of DoorDash in the 4th quarter valued at about $1,724,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of DoorDash by 1.7% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 70,100 shares of the company’s stock valued at $11,759,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Truist Financial increased their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Evercore ISI increased their price target on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Oppenheimer increased their price target on shares of DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Susquehanna increased their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Trading Up 3.8 %

NASDAQ DASH opened at $198.60 on Thursday. The firm’s fifty day simple moving average is $183.84 and its two-hundred day simple moving average is $162.54. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The firm has a market capitalization of $83.43 billion, a P/E ratio of 735.56 and a beta of 1.72.

Insiders Place Their Bets

In other DoorDash news, 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 value of $1,258,320.00. Following the transaction, the chief financial officer now directly owns 373,993 shares of the company’s stock, valued at approximately $67,228,981.68. The trade was a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 760,662 shares of company stock valued at $134,448,673. 7.92% of the stock is currently owned by insiders.

About DoorDash

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.