Atria Investments Inc Has $1.95 Million Position in DoorDash, Inc. (NASDAQ:DASH)

Atria Investments Inc grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 9.2% during the 4th quarter, HoldingsChannel reports. The firm owned 11,612 shares of the company’s stock after acquiring an additional 977 shares during the quarter. Atria Investments Inc’s holdings in DoorDash were worth $1,948,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB grew its position in shares of DoorDash by 3.3% in the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after purchasing an additional 5,539 shares during the last quarter. Sanctuary Advisors LLC increased its stake in DoorDash by 48.8% during the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after acquiring an additional 3,498 shares during the period. Baillie Gifford & Co. increased its stake in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. LVW Advisors LLC bought a new position in DoorDash during the fourth quarter valued at about $236,000. Finally, Transcendent Capital Group LLC bought a new position in DoorDash during the third quarter valued at about $1,781,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the topic of several research reports. Barclays boosted their price target on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. KeyCorp boosted their price target on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Loop Capital boosted their price target on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. UBS Group boosted their price target on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their price objective on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Stock Performance

NASDAQ:DASH opened at $178.08 on Monday. The stock’s fifty day moving average price is $186.78 and its two-hundred day moving average price is $165.90. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24. The company has a market cap of $74.81 billion, a price-to-earnings ratio of 659.56 and a beta of 1.70.

Insider Activity

In other news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the transaction, the general counsel now owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This represents a 9.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $268,110. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 572,062 shares of company stock valued at $101,051,440 in the last 90 days. 7.92% of the stock is owned by company insiders.

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.