DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 11.7% in the 4th quarter, HoldingsChannel reports. The firm owned 5,224 shares of the company’s stock after acquiring an additional 546 shares during the quarter. Meeder Advisory Services Inc.’s holdings in DoorDash were worth $876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. IFP Advisors Inc raised its stake in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB raised 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 valued at $46,000 after buying an additional 69 shares during the period. Avestar Capital LLC lifted its stake in DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after acquiring an additional 75 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after acquiring an additional 84 shares during the period. Finally, Pallas Capital Advisors LLC grew its stake in DoorDash by 3.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares of the company’s stock, valued at $3,313,424.85. This represents a 71.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 258,523 shares of company stock worth $47,227,120. Company insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on DASH shares. Benchmark raised their price target on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Loop Capital boosted their price target on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, February 24th. Wedbush upped their price target on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley lifted their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Roth Mkm upped their target price on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $207.29.

DoorDash Price Performance

NASDAQ DASH opened at $173.99 on Friday. The company’s fifty day moving average is $192.30 and its two-hundred day moving average is $173.24. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The firm has a market capitalization of $73.09 billion, a price-to-earnings ratio of 644.41 and a beta of 1.70.

DoorDash Company 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.