K.J. Harrison & Partners Inc Invests $683,000 in DoorDash, Inc. (NASDAQ:DASH)

K.J. Harrison & Partners Inc bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 4,000 shares of the company’s stock, valued at approximately $683,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. IFP Advisors Inc boosted its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after buying an additional 69 shares during the period. Avestar Capital LLC boosted its stake in DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares during the period. Finally, Pallas Capital Advisors LLC raised its stake in DoorDash by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $198.60 on Thursday. The firm’s 50 day simple moving average is $183.84 and its 200 day simple moving average is $162.54. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The company has a market capitalization of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72.

Insider Buying and Selling at DoorDash

In related news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $179.76, for a total value of $1,258,320.00. Following the completion of the sale, the chief financial officer now owns 373,993 shares in the company, valued at $67,228,981.68. This represents a 1.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. The trade was a 75.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 760,662 shares of company stock valued at $134,448,673. Corporate insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DASH shares. Benchmark boosted their target price on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays boosted their price target on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Cantor Fitzgerald raised their price objective on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley boosted their target price on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, DA Davidson increased their price target on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $206.52.

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.