DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551 shares of the company’s stock after buying an additional 153 shares during the period. EverSource Wealth Advisors LLC’s holdings in DoorDash were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in DASH. Sequoia Financial Advisors LLC boosted its stake in DoorDash by 24.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,961 shares of the company’s stock worth $832,000 after purchasing an additional 981 shares in the last quarter. St. Louis Trust Co acquired a new stake in shares of DoorDash during the fourth quarter worth $204,000. S&CO Inc. purchased a new stake in shares of DoorDash during the fourth quarter valued at $224,000. Independent Advisor Alliance acquired a new position in shares of DoorDash in the 4th quarter valued at $390,000. Finally, Daiwa Securities Group Inc. raised 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 acquiring an additional 621 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $168.53, for a total transaction of $3,370,600.00. Following the completion of the sale, the chief operating officer now directly owns 925,222 shares in the company, valued at approximately $155,927,663.66. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 1,398 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 $284,423.10. Following the completion of the transaction, the director now owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 363,730 shares of company stock valued at $63,922,178. Corporate insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Barclays lifted their price objective on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Susquehanna raised their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Cantor Fitzgerald upped their price target on shares of DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Truist Financial lifted their price objective on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Stock Down 2.4 %

Shares of DASH opened at $185.21 on Wednesday. The firm’s fifty day moving average is $188.59 and its two-hundred day moving average is $168.64. The stock has a market cap of $77.81 billion, a PE ratio of 685.96 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25.

DoorDash 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.