Capital Advisors Inc. OK Raises Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Capital Advisors Inc. OK lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 23.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,397 shares of the company’s stock after acquiring an additional 47,619 shares during the period. Capital Advisors Inc. OK owned 0.06% of DoorDash worth $42,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DASH. Baillie Gifford & Co. boosted its stake in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of DoorDash by 216.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after acquiring an additional 739,961 shares during the period. Janus Henderson Group PLC boosted its stake 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 worth $789,766,000 after acquiring an additional 700,465 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of DoorDash by 5,396.1% in the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock worth $94,716,000 after acquiring an additional 651,525 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of DoorDash by 15.2% in 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 own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DASH shares. The Goldman Sachs Group increased their price target on DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. UBS Group increased their price target on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Barclays increased their price target on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Truist Financial increased their price target on DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Evercore ISI increased their price target on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $180.82.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,375. The trade was a 98.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Trading Up 0.2 %

Shares of NASDAQ DASH opened at $193.09 on Wednesday. The stock has a market capitalization of $80.21 billion, a PE ratio of -429.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. The stock’s fifty day simple moving average is $177.52 and its two-hundred day simple moving average is $156.06. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $199.17.

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.