Rhumbline Advisers Acquires 21,228 Shares of DoorDash, Inc. (NASDAQ:DASH)

Rhumbline Advisers increased its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 513,648 shares of the company’s stock after acquiring an additional 21,228 shares during the quarter. Rhumbline Advisers’ holdings in DoorDash were worth $86,164,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. ABC Arbitrage SA bought a new stake in DoorDash during the fourth quarter worth $1,275,000. Valeo Financial Advisors LLC bought a new stake in shares of DoorDash in the fourth quarter valued at $238,000. Autumn Glory Partners LLC bought a new stake in shares of DoorDash in the fourth quarter valued at $285,000. V Square Quantitative Management LLC raised its stake in shares of DoorDash by 24.7% in the fourth quarter. V Square Quantitative Management LLC now owns 8,616 shares of the company’s stock valued at $1,445,000 after buying an additional 1,707 shares during the period. Finally, Avestar Capital LLC raised its stake in shares of DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DASH shares. Oppenheimer boosted their price objective on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America boosted their price objective on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. UBS Group boosted their price objective on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Loop Capital boosted their price objective on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.45.

DoorDash Price Performance

DASH opened at $213.38 on Friday. The stock’s 50 day simple moving average is $179.29 and its 200 day simple moving average is $157.81. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $214.64. The firm has a market cap of $88.64 billion, a price-to-earnings ratio of -474.18, a PEG ratio of 2.04 and a beta of 1.72.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 14,219 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,416,945.62. Following the completion of the sale, the chief financial officer now owns 380,993 shares in the company, valued at approximately $64,761,190.14. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 115,432 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $265,515. This trade represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 932,426 shares of company stock worth $162,990,678. 7.92% of the stock is currently owned by company insiders.

DoorDash Company 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.