Metis Global Partners LLC Increases Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Metis Global Partners LLC increased its position in DoorDash, Inc. (NASDAQ:DASH) by 58.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,178 shares of the company’s stock after purchasing an additional 2,283 shares during the quarter. Metis Global Partners LLC’s holdings in DoorDash were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC purchased a new position in shares of DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash in the fourth quarter valued at $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in DoorDash in the fourth quarter valued at $36,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at $2,722,744.32. This represents a 75.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction dated 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 completion of the transaction, the general counsel now owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 576,536 shares of company stock worth $101,844,949 in the last 90 days. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Down 0.2 %

Shares of DASH opened at $198.10 on Tuesday. The firm has a 50-day moving average price of $185.52 and a 200 day moving average price of $164.27. The firm has a market capitalization of $83.22 billion, a PE ratio of 733.70 and a beta of 1.72. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DASH. Citigroup upped their price target on shares of DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Oppenheimer upped 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. Morgan Stanley upped their price target on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price target on shares of DoorDash in a report on Thursday, February 6th. Finally, KeyCorp upped their price target on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $206.52.

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.