Denver PWM LLC Invests $30,000 in DoorDash, Inc. (NASDAQ:DASH)

Denver PWM LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 179 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors have also bought and sold shares of the company. ING Groep NV lifted its stake in DoorDash by 312.1% in the fourth quarter. ING Groep NV now owns 7,633 shares of the company’s stock valued at $1,280,000 after purchasing an additional 5,781 shares during the last quarter. Ieq Capital LLC lifted its stake in DoorDash by 8.0% in the fourth quarter. Ieq Capital LLC now owns 178,245 shares of the company’s stock valued at $29,901,000 after purchasing an additional 13,188 shares during the last quarter. Werba Rubin Papier Wealth Management purchased a new position in DoorDash in the fourth quarter valued at approximately $245,000. Global Retirement Partners LLC lifted its stake in DoorDash by 13.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,897 shares of the company’s stock valued at $318,000 after purchasing an additional 232 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in DoorDash in the fourth quarter valued at approximately $643,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

NASDAQ:DASH opened at $199.94 on Friday. The business has a 50 day moving average of $182.56 and a 200 day moving average of $161.03. The company has a market capitalization of $83.99 billion, a price-to-earnings ratio of 740.52 and a beta of 1.72. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DASH shares. Morgan Stanley upped their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Evercore ISI boosted their target price on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. The Goldman Sachs Group increased their target price on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Oppenheimer lifted their price target on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Bank of America increased their price objective on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.45.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the completion of the sale, the chief operating officer now owns 925,222 shares in the company, valued at $167,307,894.26. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Keith Yandell sold 4,474 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $177.36, for a total value of $793,508.64. Following the completion of the sale, the insider now owns 114,238 shares of the company’s stock, valued at $20,261,251.68. The trade was a 3.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 812,035 shares of company stock worth $142,357,630 in the last quarter. 7.92% of the stock is owned by insiders.

DoorDash Company Profile

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.