Choreo LLC Boosts Position in DoorDash, Inc. (NASDAQ:DASH)

Choreo LLC grew its position in DoorDash, Inc. (NASDAQ:DASH) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,894 shares of the company’s stock after purchasing an additional 291 shares during the period. Choreo LLC’s holdings in DoorDash were worth $830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. grew its stake in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at about $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new position in shares of DoorDash during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

DASH stock opened at $195.54 on Monday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $199.17. The stock has a 50-day simple moving average of $176.85 and a 200-day simple moving average of $154.79. The firm has a market cap of $81.23 billion, a P/E ratio of -434.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. UBS Group increased their target price on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. JMP Securities reiterated a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a research report on Thursday. Jefferies Financial Group boosted their target price on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Benchmark raised their price target on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Citigroup boosted their price objective on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.39.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This trade represents 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 have sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is currently 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.