Larson Financial Group LLC Acquires 313 Shares of DoorDash, Inc. (NASDAQ:DASH)

Larson Financial Group LLC lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 695.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358 shares of the company’s stock after purchasing an additional 313 shares during the period. Larson Financial Group LLC’s holdings in DoorDash were worth $60,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. raised its stake in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the 4th quarter worth $29,000. Denver PWM LLC bought a new stake in DoorDash in the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash in the 4th quarter valued at about $34,000. Finally, ORG Wealth Partners LLC bought a new stake in DoorDash in the 4th quarter valued at about $36,000. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DASH. Evercore ISI restated an “outperform” rating on shares of DoorDash in a research note on Monday. BMO Capital Markets restated an “outperform” rating and issued a $240.00 price objective (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Loop Capital boosted their price objective on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. 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, February 12th. Finally, Susquehanna boosted their price objective on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

Insider Buying and Selling

In related news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $268,110. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 522,062 shares of company stock worth $92,218,440. 7.92% of the stock is owned by corporate insiders.

DoorDash Trading Up 2.2 %

DASH opened at $187.70 on Thursday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The stock has a fifty day simple moving average of $187.66 and a two-hundred day simple moving average of $166.78. The company has a market cap of $78.85 billion, a price-to-earnings ratio of 695.19 and a beta of 1.70.

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.