Golden State Wealth Management LLC Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Golden State Wealth Management LLC purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 464 shares of the company’s stock, valued at approximately $78,000.

Other large investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in 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 during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after buying an additional 84 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of DoorDash by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after buying an additional 88 shares during the period. Central Pacific Bank Trust Division boosted its position in DoorDash by 1.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after acquiring an additional 91 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in DoorDash by 3.9% in the 4th quarter. Ballentine Partners LLC now owns 2,962 shares of the company’s stock worth $497,000 after acquiring an additional 112 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DASH shares. Jefferies Financial Group increased their price target on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI increased their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Mizuho lifted their price target on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. KeyCorp increased their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Finally, Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.39.

Insider Buying and Selling at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the transaction, the insider now owns 124,221 shares in the company, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock worth $181,434,201 in the last ninety days. 7.92% of the stock is owned by insiders.

DoorDash Trading Down 1.5 %

DoorDash stock opened at $192.63 on Tuesday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $199.17. The stock has a market cap of $80.02 billion, a P/E ratio of -428.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. The stock has a 50 day moving average of $177.18 and a 200-day moving average of $155.44.

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.