DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Signaturefd LLC

Signaturefd LLC grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,026 shares of the company’s stock after buying an additional 141 shares during the period. Signaturefd LLC’s holdings in DoorDash were worth $843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DASH. Envestnet Portfolio Solutions Inc. lifted its position in DoorDash by 9.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,205 shares of the company’s stock worth $1,209,000 after buying an additional 594 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in DoorDash in the fourth quarter valued at $4,143,000. LBP AM SA purchased a new stake in DoorDash in the fourth quarter valued at $5,115,000. Parnassus Investments LLC purchased a new stake in DoorDash in the fourth quarter valued at $798,000. Finally, Commonwealth Equity Services LLC raised its position in DoorDash by 43.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,026 shares of the company’s stock valued at $1,682,000 after purchasing an additional 3,013 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $190.66 on Thursday. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The company has a market capitalization of $80.10 billion, a P/E ratio of 706.15 and a beta of 1.70. The stock has a 50-day simple moving average of $188.93 and a 200-day simple moving average of $168.79.

Analyst Ratings Changes

A number of research firms have commented on DASH. Oppenheimer restated a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Bank of America lifted their price objective on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Benchmark lifted their price objective on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Mizuho lifted their price objective on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Loop Capital lifted their price objective on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $206.52.

Insider Activity

In other news, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was 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 directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 363,730 shares of company stock valued at $63,922,178. Insiders own 7.92% of the company’s stock.

About DoorDash

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.