Virtu Financial LLC Purchases New Shares in DoorDash, Inc. (NASDAQ:DASH)

Virtu Financial LLC acquired a new position in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,715 shares of the company’s stock, valued at approximately $623,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Pittenger & Anderson Inc. bought a new position in DoorDash in the 4th quarter valued at about $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC acquired a new position in DoorDash during the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc lifted its stake in DoorDash by 31.8% during the fourth 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. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Up 0.4 %

NASDAQ DASH opened at $199.72 on Wednesday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The business has a 50 day moving average price of $190.94 and a 200-day moving average price of $171.06. The company has a market cap of $83.90 billion, a price-to-earnings ratio of 739.70 and a beta of 1.70.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DASH shares. Mizuho lifted their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Needham & Company LLC restated a “buy” rating on shares of DoorDash in a research note on Monday, March 3rd. Susquehanna upped their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wolfe Research upped their price target on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.52.

Insider Activity

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,525. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the completion of the transaction, the chief financial officer now directly owns 351,970 shares in the company, valued at $71,840,596.70. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 363,730 shares of company stock worth $63,922,178 over the last 90 days. 7.92% of the stock is currently owned by corporate insiders.

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.