Versor Investments LP Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Versor Investments LP purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,200 shares of the company’s stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in DoorDash during the fourth quarter worth $36,807,000. Oppenheimer Asset Management Inc. boosted its stake in shares of DoorDash by 4.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 6,140 shares of the company’s stock worth $1,030,000 after acquiring an additional 248 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of DoorDash by 4.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 103,500 shares of the company’s stock valued at $17,362,000 after acquiring an additional 4,000 shares during the last quarter. K.J. Harrison & Partners Inc bought a new position in shares of DoorDash in the 4th quarter valued at approximately $683,000. Finally, GenTrust LLC bought a new position in shares of DoorDash in the 4th quarter valued at approximately $45,490,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Up 1.3 %

Shares of DASH stock opened at $198.44 on Monday. The company has a market capitalization of $83.36 billion, a P/E ratio of 734.96 and a beta of 1.72. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The firm has a 50-day moving average price of $184.95 and a 200 day moving average price of $163.79.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the transaction, the director now owns 16,176 shares in the company, valued at $2,722,744.32. This represents a 75.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith Yandell sold 4,474 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $177.36, for a total transaction 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 have sold 576,536 shares of company stock valued at $101,844,949 in the last three months. 7.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on DASH. Loop Capital increased their price target on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, February 24th. Benchmark upped their price objective on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Cantor Fitzgerald lifted their target price on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. The Goldman Sachs Group boosted their target price on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Oppenheimer raised 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. Nine investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.