Chicago Partners Investment Group LLC Has $341,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Chicago Partners Investment Group LLC raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,965 shares of the company’s stock after purchasing an additional 309 shares during the period. Chicago Partners Investment Group LLC’s holdings in DoorDash were worth $341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DASH. MassMutual Private Wealth & Trust FSB lifted its position in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after purchasing an additional 84 shares during the period. Pallas Capital Advisors LLC lifted its position in DoorDash by 3.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after purchasing an additional 88 shares during the period. Central Pacific Bank Trust Division lifted its position in DoorDash by 1.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after purchasing an additional 91 shares during the period. Finally, Ballentine Partners LLC lifted its position in DoorDash by 3.9% during the fourth quarter. Ballentine Partners LLC now owns 2,962 shares of the company’s stock worth $497,000 after purchasing an additional 112 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on DASH shares. JMP Securities reissued a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a report on Thursday, January 2nd. Susquehanna increased their target price on shares of DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays increased their target price on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Piper Sandler increased their target price on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $179.39.

DoorDash Trading Up 2.0 %

DASH opened at $194.57 on Wednesday. The stock has a fifty day simple moving average of $175.84 and a two-hundred day simple moving average of $152.85. The company has a market cap of $80.82 billion, a price-to-earnings ratio of -432.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $194.70.

Insiders Place Their Bets

In other news, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the transaction, the insider now directly owns 124,221 shares in the company, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is owned by corporate insiders.

About DoorDash

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.