Choreo LLC Boosts Holdings in DoorDash, Inc. (NASDAQ:DASH)

Choreo LLC increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,894 shares of the company’s stock after buying an additional 291 shares during the period. Choreo LLC’s holdings in DoorDash were worth $830,000 at the end of the most recent quarter.

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

DoorDash Stock Performance

Shares of DoorDash stock opened at $195.54 on Monday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $199.17. The company has a market cap of $81.23 billion, a P/E ratio of -434.53, a PEG ratio of 2.04 and a beta of 1.72. The firm has a fifty day moving average of $176.85 and a two-hundred day moving average of $154.79.

Insider Transactions at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,950 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $2,201,241.00. Following the sale, the general counsel now directly owns 145,917 shares in the company, valued at approximately $24,802,971.66. The trade was a 8.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,375. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,040,758 shares of company stock worth $181,434,201 over the last ninety days. 7.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DASH shares. Royal Bank of Canada upped their target price on shares of DoorDash from $175.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Truist Financial increased their price objective on shares of DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Susquehanna lifted their price objective on shares of DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Benchmark increased their target price on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, KeyCorp raised their price target on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.39.

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.