Smartleaf Asset Management LLC Has $264,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Smartleaf Asset Management LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 67.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,555 shares of the company’s stock after buying an additional 624 shares during the quarter. Smartleaf Asset Management LLC’s holdings in DoorDash were worth $264,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. lifted its position 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. Pittenger & Anderson Inc. acquired a new position in DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC acquired a new position in DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash in the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in DoorDash during the 4th quarter worth $36,000. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 4,474 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $177.36, for a total value of $793,508.64. Following the transaction, the insider now owns 114,238 shares in the company, valued at approximately $20,261,251.68. This represents a 3.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $268,110. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 576,536 shares of company stock worth $101,844,949 over the last 90 days. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $195.08 on Thursday. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The company has a market capitalization of $81.95 billion, a P/E ratio of 722.52 and a beta of 1.72. The company has a 50-day simple moving average of $186.41 and a 200 day simple moving average of $164.94.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DASH. The Goldman Sachs Group increased their price target on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Roth Mkm increased their target price on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Mizuho boosted their target price on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Piper Sandler reaffirmed a “neutral” rating and issued a $210.00 price target (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, Wolfe Research increased their price target on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

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.