Fox Run Management L.L.C. Increases Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Fox Run Management L.L.C. boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 92.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,107 shares of the company’s stock after buying an additional 1,974 shares during the quarter. Fox Run Management L.L.C.’s holdings in DoorDash were worth $689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash during the 4th quarter valued at approximately $29,000. Denver PWM LLC purchased a new stake in DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the 4th quarter valued at $34,000. ORG Wealth Partners LLC purchased a new position in shares of DoorDash during the 4th quarter worth $36,000. Finally, IFP Advisors Inc increased its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $170.01, for a total transaction of $8,500,500.00. Following the completion of the sale, the director now directly owns 16,176 shares of the company’s stock, valued at $2,750,081.76. This represents a 75.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the transaction, the insider now owns 105,162 shares in the company, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 363,730 shares of company stock worth $63,922,178 in the last 90 days. Company insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DASH shares. Morgan Stanley boosted their price target on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JMP Securities reiterated a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. UBS Group lifted their target price on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Oppenheimer reissued a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Finally, Roth Mkm lifted their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Trading Up 4.4 %

DASH stock opened at $198.98 on Tuesday. The business has a 50 day simple moving average of $190.33 and a 200-day simple moving average of $170.52. The company has a market capitalization of $83.59 billion, a P/E ratio of 736.96 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

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.