DoorDash, Inc. (NASDAQ:DASH) Holdings Increased by Avestar Capital LLC

Avestar Capital LLC increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,618 shares of the company’s stock after acquiring an additional 75 shares during the period. Avestar Capital LLC’s holdings in DoorDash were worth $1,110,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. State Street Corp lifted its holdings in shares of DoorDash by 3.8% in the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after buying an additional 272,659 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after buying an additional 700,465 shares during the period. Geode Capital Management LLC boosted its stake in DoorDash by 6.4% during the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after buying an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total value of $3,616,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares in the company, valued at approximately $167,307,894.26. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 932,426 shares of company stock worth $162,990,678. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Up 2.4 %

Shares of DASH opened at $205.64 on Friday. The firm has a market cap of $85.42 billion, a price-to-earnings ratio of -456.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. The company’s fifty day moving average is $178.59 and its 200-day moving average is $156.71. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $206.00.

Analyst Ratings Changes

DASH has been the subject of a number of research analyst reports. Loop Capital upped their price target on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada increased their target price on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday. Benchmark lifted their price target on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Jefferies Financial Group raised their price objective on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.45.

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.