Lecap Asset Management Ltd. Sells 1,251 Shares of DoorDash, Inc. (NASDAQ:DASH)

Lecap Asset Management Ltd. decreased its stake in DoorDash, Inc. (NASDAQ:DASH) by 20.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,883 shares of the company’s stock after selling 1,251 shares during the period. Lecap Asset Management Ltd.’s holdings in DoorDash were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DASH. MassMutual Private Wealth & Trust FSB raised its holdings in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after buying an additional 84 shares during the period. Pallas Capital Advisors LLC increased its position in shares of DoorDash by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after buying an additional 88 shares during the period. Central Pacific Bank Trust Division raised its stake in DoorDash by 1.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after buying an additional 91 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in DoorDash by 3.9% in the fourth quarter. Ballentine Partners LLC now owns 2,962 shares of the company’s stock valued at $497,000 after buying an additional 112 shares during the period. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

Shares of DASH opened at $195.54 on Friday. The business has a 50-day moving average of $176.85 and a 200 day moving average of $154.09. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $199.17. The firm has a market cap of $81.23 billion, a P/E ratio of -434.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Wells Fargo & Company raised their target price on DoorDash from $150.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Piper Sandler boosted their price target on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wolfe Research raised their price objective on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $179.39.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 1,855 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $315,312.90. Following the completion of the transaction, the director now directly owns 35,413 shares of the company’s stock, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock worth $181,434,201 over the last quarter. Corporate insiders own 7.92% of the company’s stock.

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.