Capital Advisors Inc. OK Grows Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Capital Advisors Inc. OK lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 23.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 251,397 shares of the company’s stock after purchasing an additional 47,619 shares during the quarter. Capital Advisors Inc. OK’s holdings in DoorDash were worth $42,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its stake in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after purchasing an additional 84 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings 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 acquiring an additional 88 shares during the last quarter. Central Pacific Bank Trust Division lifted its holdings 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 acquiring an additional 91 shares during the last quarter. Finally, Cigna Investments Inc. New raised its position in DoorDash by 3.0% in the fourth quarter. Cigna Investments Inc. New now owns 3,564 shares of the company’s stock valued at $598,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock valued at $181,434,201 in the last ninety days. Corporate insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a research report on Thursday, February 6th. Royal Bank of Canada increased their target price on DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, December 6th. UBS Group increased their target price on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Needham & Company LLC increased their target price on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $180.82.

DoorDash Price Performance

Shares of DASH opened at $193.09 on Wednesday. The firm has a 50 day simple moving average of $177.52 and a 200-day simple moving average of $156.06. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $199.17. The stock has a market cap of $80.21 billion, a price-to-earnings ratio of -429.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72.

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.