Summit Trail Advisors LLC Acquires 2,487 Shares of DoorDash, Inc. (NASDAQ:DASH)

Summit Trail Advisors LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,217 shares of the company’s stock after purchasing an additional 2,487 shares during the quarter. Summit Trail Advisors LLC’s holdings in DoorDash were worth $6,914,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its stake in DoorDash by 302.3% during the 3rd 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. Princeton Global Asset Management LLC bought a new stake in DoorDash in the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC bought a new stake in DoorDash in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB increased its stake in DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after acquiring an additional 69 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in DoorDash in the 3rd quarter worth approximately $54,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $192.63 on Tuesday. The stock has a market capitalization of $80.02 billion, a P/E ratio of -428.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $199.17. The business has a fifty day moving average price of $177.18 and a 200 day moving average price of $155.44.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DASH shares. JPMorgan Chase & Co. lifted their price objective on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Truist Financial lifted their price objective on DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Loop Capital lifted their price objective on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wolfe Research lifted their price objective on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Jefferies Financial Group boosted their target price on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Nine 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.39.

View Our Latest Stock Analysis on DASH

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 115,432 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $265,515. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock worth $181,434,201 in the last three months. 7.92% of the stock is owned by insiders.

DoorDash Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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