Sequoia Financial Advisors LLC grew its position in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) by 24.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,961 shares of the company’s stock after buying an additional 981 shares during the period. Sequoia Financial Advisors LLC’s holdings in DoorDash were worth $832,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in DASH. St. Louis Trust Co purchased a new stake in DoorDash during the 4th quarter worth about $204,000. S&CO Inc. bought a new position in DoorDash in the 4th quarter worth about $224,000. Independent Advisor Alliance bought a new position in DoorDash in the 4th quarter worth about $390,000. Daiwa Securities Group Inc. boosted its stake in DoorDash by 1.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 64,825 shares of the company’s stock worth $10,875,000 after purchasing an additional 621 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DoorDash by 34.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,997 shares of the company’s stock worth $13,587,000 after purchasing an additional 20,958 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.
DoorDash Stock Up 2.9 %
NASDAQ DASH opened at $183.50 on Monday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm has a market capitalization of $77.09 billion, a PE ratio of 679.63 and a beta of 1.70. The stock’s 50 day moving average is $187.99 and its 200 day moving average is $167.79.
Insiders Place Their Bets
Analysts Set New Price Targets
Several research analysts have commented on DASH shares. Truist Financial raised their target price on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their target price on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Barclays lifted their price target on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Susquehanna lifted their price target on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $206.52.
View Our Latest Stock Analysis on DASH
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.
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