NEOS Investment Management LLC Increases Stake in DoorDash, Inc. (NASDAQ:DASH)

NEOS Investment Management LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 19.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,874 shares of the company’s stock after buying an additional 4,244 shares during the period. NEOS Investment Management LLC’s holdings in DoorDash were worth $4,340,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DASH. Vanguard Group Inc. increased its position in shares of DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after purchasing an additional 317,502 shares during the last quarter. State Street Corp increased its holdings in 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 last quarter. Janus Henderson Group PLC raised its stake in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after buying an additional 267,855 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position 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 acquiring an additional 501,905 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,525. This trade represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ravi Inukonda sold 15,198 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 358,445 shares of company stock worth $63,443,370. 7.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DASH has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Wolfe Research increased their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wedbush boosted their price target on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Roth Mkm raised their price objective on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.52.

DoorDash Stock Up 0.6 %

Shares of DASH stock opened at $194.02 on Friday. The stock has a market cap of $81.51 billion, a P/E ratio of 718.59 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The business has a fifty day simple moving average of $191.84 and a 200-day simple moving average of $171.37.

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.