Signaturefd LLC Boosts Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Signaturefd LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 5,026 shares of the company’s stock after acquiring an additional 141 shares during the quarter. Signaturefd LLC’s holdings in DoorDash were worth $843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of DoorDash during the 4th quarter worth approximately $146,094,000. Janus Henderson Group PLC raised its stake in shares of DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after buying an additional 700,465 shares in the last quarter. Amundi raised its stake in shares of DoorDash by 65.0% during the 4th quarter. Amundi now owns 1,407,884 shares of the company’s stock worth $244,578,000 after buying an additional 554,675 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after buying an additional 501,905 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of DoorDash by 37.5% during the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock worth $294,701,000 after buying an additional 476,360 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Up 2.9 %

Shares of DASH opened at $190.66 on Thursday. The firm has a market capitalization of $80.10 billion, a P/E ratio of 706.15 and a beta of 1.70. The stock’s fifty day simple moving average is $188.93 and its 200 day simple moving average is $168.79. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares in the company, valued at $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 363,730 shares of company stock valued at $63,922,178. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DASH has been the subject of a number of analyst reports. UBS Group increased 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. Susquehanna upped their price target on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a report on Thursday, February 13th. Mizuho upped their price target on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. JMP Securities restated a “market outperform” rating and issued a $200.00 price target on shares of DoorDash in a report on Thursday, February 6th. Finally, Roth Mkm upped their price target on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.52.

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.