DoorDash, Inc. $DASH Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 113.4% in the 3rd quarter, Holdings Channel reports. The firm owned 6,806 shares of the company’s stock after acquiring an additional 3,617 shares during the quarter. GSA Capital Partners LLP’s holdings in DoorDash were worth $1,851,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. grew its stake in DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of DoorDash by 2,760.0% in the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after purchasing an additional 138 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in DoorDash by 74.3% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after buying an additional 75 shares during the last quarter. Asset Planning Inc acquired a new position in DoorDash during the third quarter worth $50,000. Finally, Concord Wealth Partners purchased a new stake in DoorDash in the 3rd quarter valued at $50,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 16,667 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This represents a 91.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Prabir Adarkar sold 15,000 shares of DoorDash stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total value of $3,068,850.00. Following the sale, the chief operating officer directly owned 874,130 shares of the company’s stock, valued at $178,838,256.70. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 604,135 shares of company stock worth $124,509,080. 5.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent analyst reports. Argus decreased their target price on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, December 12th. Royal Bank Of Canada lowered their price objective on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Truist Financial upped their price target on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. BNP Paribas Exane initiated coverage on shares of DoorDash in a research note on Wednesday, January 14th. They set an “outperform” rating and a $280.00 target price for the company. Finally, Bank of America lowered their price target on DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.24.

DoorDash Stock Down 0.5%

Shares of DoorDash stock opened at $160.34 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a market capitalization of $69.11 billion, a P/E ratio of 81.39 and a beta of 1.78. The company has a 50 day moving average of $211.95 and a 200 day moving average of $233.25.

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.