United Capital Financial Advisors LLC Buys 344 Shares of DoorDash, Inc. (NASDAQ:DASH)

United Capital Financial Advisors LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,185 shares of the company’s stock after purchasing an additional 344 shares during the quarter. United Capital Financial Advisors LLC’s holdings in DoorDash were worth $870,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DASH. Vanguard Group Inc. lifted its holdings in shares of DoorDash by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock worth $5,254,501,000 after acquiring an additional 317,502 shares during the period. Franklin Resources Inc. raised its position in DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock valued at $796,781,000 after purchasing an additional 949,414 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after purchasing an additional 1,869,866 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of DoorDash by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company’s stock valued at $763,198,000 after purchasing an additional 86,667 shares in the last quarter. Finally, Norges Bank bought a new position in shares of DoorDash in the 4th quarter valued at $597,443,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the transaction, the chief operating officer now owns 925,222 shares in the company, valued at approximately $167,307,894.26. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the transaction, the general counsel now owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,511 shares of company stock worth $30,308,544 in the last ninety days. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $181.24 on Friday. The firm has a market cap of $76.14 billion, a P/E ratio of 671.26 and a beta of 1.69. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The business’s 50 day simple moving average is $188.90 and its two-hundred day simple moving average is $176.67.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DASH shares. FBN Securities began coverage on DoorDash in a research report on Friday, March 28th. They set an “outperform” rating and a $230.00 price objective for the company. KeyCorp dropped their target price on shares of DoorDash from $240.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Benchmark lifted their price target on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. JMP Securities reissued a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 6th. Finally, Barclays boosted their target price on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.88.

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.