Carmel Capital Partners LLC Raises Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Carmel Capital Partners LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,971 shares of the company’s stock after acquiring an additional 284 shares during the period. Carmel Capital Partners LLC’s holdings in DoorDash were worth $498,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. increased 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 period. Pittenger & Anderson Inc. purchased a new stake in DoorDash during the 4th quarter worth $29,000. Denver PWM LLC purchased a new stake in DoorDash during the 4th quarter worth $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash during the 4th quarter worth $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in DoorDash during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 0.9 %

DoorDash stock opened at $195.08 on Thursday. The firm has a 50-day moving average price of $186.41 and a two-hundred day moving average price of $164.94. The firm has a market capitalization of $81.95 billion, a price-to-earnings ratio of 722.52 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24.

Insider Buying and Selling at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of the business’s 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 sale, the general counsel now directly owns 122,135 shares in the company, valued at approximately $24,848,365.75. The trade was a 9.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the sale, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 576,536 shares of company stock valued at $101,844,949 in the last ninety days. Company insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DASH shares. UBS Group lifted their price target on shares of DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. KeyCorp raised their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Mizuho raised their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Citigroup raised their price objective on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Susquehanna raised their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target 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.