DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Atria Investments Inc

Atria Investments Inc boosted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,612 shares of the company’s stock after acquiring an additional 977 shares during the quarter. Atria Investments Inc’s holdings in DoorDash were worth $1,948,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB increased its position in DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after acquiring an additional 5,539 shares during the period. Sanctuary Advisors LLC boosted its stake in DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after purchasing an additional 3,498 shares in the last quarter. 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. LVW Advisors LLC bought a new position in DoorDash during the 4th quarter valued at $236,000. Finally, Transcendent Capital Group LLC bought a new position in DoorDash during the 3rd quarter valued at $1,781,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares in the company, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 1,398 shares of the firm’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 transaction, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 572,062 shares of company stock worth $101,051,440. Corporate insiders own 7.92% of the company’s stock.

DoorDash Trading Down 1.1 %

Shares of NASDAQ:DASH opened at $178.08 on Monday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The business has a fifty day simple moving average of $186.78 and a 200 day simple moving average of $165.90. The firm has a market cap of $74.81 billion, a price-to-earnings ratio of 659.56 and a beta of 1.70.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DASH. Truist Financial increased their price target on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Susquehanna increased their price target on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Piper Sandler reaffirmed a “neutral” rating and set a $210.00 price target (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Mizuho increased their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $206.52.

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.