Xponance Inc. Buys 6,105 Shares of DoorDash, Inc. (NASDAQ:DASH)

Xponance Inc. increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,383 shares of the company’s stock after purchasing an additional 6,105 shares during the period. Xponance Inc.’s holdings in DoorDash were worth $10,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash during the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash during the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc boosted its stake in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. BMO Capital Markets restated an “outperform” rating and issued a $240.00 target price (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. KeyCorp upped their price target on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Wolfe Research increased their price objective on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, UBS Group boosted their target price on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Price Performance

NASDAQ:DASH opened at $185.21 on Wednesday. The company has a 50 day moving average price of $188.59 and a 200-day moving average price of $168.64. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The firm has a market cap of $77.81 billion, a price-to-earnings ratio of 685.96 and a beta of 1.70.

Insider Buying and Selling at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of the firm’s stock in a transaction that occurred 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 sale, the general counsel now directly owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the sale, the insider now owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

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.