Golden State Wealth Management LLC Buys Shares of 464 DoorDash, Inc. (NASDAQ:DASH)

Golden State Wealth Management LLC bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 464 shares of the company’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. grew its stake in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash during the fourth quarter valued at $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 period. Finally, Hollencrest Capital Management bought a new stake in DoorDash in the 3rd quarter valued at about $54,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Price Performance

DASH stock opened at $192.63 on Tuesday. The firm has a market capitalization of $80.02 billion, a P/E ratio of -428.07, a P/E/G ratio of 2.04 and a beta of 1.72. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $199.17. The company’s 50 day simple moving average is $177.18 and its 200-day simple moving average is $155.44.

Insiders Place Their Bets

In other news, insider Keith Yandell sold 7,980 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the sale, the insider now directly owns 124,221 shares of the company’s stock, valued at $21,115,085.58. This represents a 6.04 % 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 this link. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,375. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,040,758 shares of company stock worth $181,434,201. Corporate insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. KeyCorp upped their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. BMO Capital Markets raised their target price on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. DA Davidson increased their price target on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Evercore ISI lifted their price objective on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC upped their price objective on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.39.

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.