RWA Wealth Partners LLC Has $852,000 Stake in DoorDash, Inc. (NASDAQ:DASH)

RWA Wealth Partners LLC reduced its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,077 shares of the company’s stock after selling 1,715 shares during the period. RWA Wealth Partners LLC’s holdings in DoorDash were worth $852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Townsquare Capital LLC boosted its position in DoorDash by 129.6% during the 3rd quarter. Townsquare Capital LLC now owns 5,640 shares of the company’s stock worth $805,000 after acquiring an additional 3,184 shares during the last quarter. Captrust Financial Advisors boosted its holdings in DoorDash by 9.6% during the third quarter. Captrust Financial Advisors now owns 8,162 shares of the company’s stock worth $1,165,000 after purchasing an additional 718 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in DoorDash by 8,108.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 253,649 shares of the company’s stock valued at $36,203,000 after purchasing an additional 250,559 shares in the last quarter. Cinctive Capital Management LP bought a new position in DoorDash in the third quarter valued at $873,000. Finally, HighTower Advisors LLC increased its stake in DoorDash by 4.6% in the 3rd quarter. HighTower Advisors LLC now owns 21,538 shares of the company’s stock valued at $3,054,000 after buying an additional 944 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DASH. FBN Securities assumed coverage on DoorDash in a report on Friday. They issued an “outperform” rating and a $230.00 price objective for the company. The Goldman Sachs Group raised their price target on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Wolfe Research upped their price objective on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. KeyCorp raised their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Mizuho boosted their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Ten 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.21.

DoorDash Stock Performance

NASDAQ:DASH opened at $182.77 on Tuesday. The company has a market cap of $76.78 billion, a price-to-earnings ratio of 676.93 and a beta of 1.70. The stock has a fifty day moving average price of $192.17 and a 200-day moving average price of $172.76. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 14,715 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $196.52, for a total value of $2,891,791.80. Following the transaction, the chief financial officer now directly owns 338,055 shares of the company’s stock, valued at $66,434,568.60. This trade represents a 4.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,445 shares of company stock worth $62,258,130 over the last ninety days. Corporate 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.