DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1,833.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,068 shares of the company’s stock after acquiring an additional 30,409 shares during the period. Atria Wealth Solutions Inc.’s holdings in DoorDash were worth $5,379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 last quarter. Avestar Capital LLC lifted its stake in DoorDash by 1.1% in the fourth 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 during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake 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 buying an additional 84 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in DoorDash by 3.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after buying an additional 88 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in DoorDash by 1.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock valued at $1,169,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $213.24 on Thursday. The firm has a market capitalization of $88.58 billion, a price-to-earnings ratio of 789.78 and a beta of 1.72. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The stock’s fifty day moving average is $181.54 and its two-hundred day moving average is $159.93.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Evercore ISI boosted their price objective on DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Needham & Company LLC boosted their price objective on DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Truist Financial boosted 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. Finally, Bank of America upped their price target on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Nine equities research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.45.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the sale, the chief operating officer now owns 925,222 shares of the company’s stock, valued at $167,307,894.26. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 108,334 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total value of $19,507,703.38. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $270,105. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 817,544 shares of company stock valued at $143,328,536. Insiders own 7.92% of the company’s stock.

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.