DoorDash, Inc. $DASH Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 70.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,239 shares of the company’s stock after buying an additional 67,693 shares during the period. NEOS Investment Management LLC’s holdings in DoorDash were worth $44,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its holdings in DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after acquiring an additional 42 shares during the period. Resonant Capital Advisors LLC grew its position in DoorDash by 3.5% during the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after buying an additional 42 shares during the period. Premier Path Wealth Partners LLC grew its position in DoorDash by 1.9% during the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after buying an additional 45 shares during the period. Advisory Resource Group increased its holdings in DoorDash by 0.8% in the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after buying an additional 48 shares in the last quarter. Finally, Quotient Wealth Partners LLC lifted its position in shares of DoorDash by 3.2% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on DoorDash from $239.00 to $251.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. BTIG Research reiterated a “buy” rating and set a $315.00 target price on shares of DoorDash in a research report on Thursday, November 6th. Stifel Nicolaus dropped their price target on DoorDash from $253.00 to $224.00 and set a “hold” rating for the company in a research report on Tuesday, January 27th. JPMorgan Chase & Co. cut their price target on DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Argus decreased their price objective on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $280.24.

DoorDash Stock Down 0.5%

Shares of NASDAQ DASH opened at $160.34 on Tuesday. The firm has a market cap of $69.11 billion, a P/E ratio of 81.39 and a beta of 1.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. DoorDash, Inc. has a 1 year low of $155.40 and a 1 year high of $285.50. The firm’s 50 day moving average price is $211.95 and its 200 day moving average price is $233.25.

Insiders Place Their Bets

In related news, Director Stanley Tang sold 45,410 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $209.01, for a total transaction of $9,491,144.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 16,667 shares of DoorDash stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the sale, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 91.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 604,135 shares of company stock valued at $124,509,080. 5.83% of the stock is currently owned by company insiders.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.