United Capital Financial Advisors LLC Boosts Stake in DoorDash, Inc. (NASDAQ:DASH)

United Capital Financial Advisors LLC lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 7.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,185 shares of the company’s stock after acquiring an additional 344 shares during the quarter. United Capital Financial Advisors LLC’s holdings in DoorDash were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings 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 acquiring an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Avestar Capital LLC lifted its position in shares of DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of 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 raised its position in shares of DoorDash by 3.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after purchasing an additional 88 shares during the period. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DASH. Mizuho increased their price objective on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Loop Capital raised their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Benchmark upped their target price on shares of DoorDash from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price target on shares of DoorDash from $198.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, April 3rd. 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 research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $208.88.

DoorDash Stock Up 1.0 %

DASH stock opened at $181.24 on Friday. The business has a 50 day moving average of $188.90 and a 200 day moving average of $176.67. The firm has a market cap of $76.14 billion, a PE ratio of 671.26 and a beta of 1.69. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

Insider Transactions at DoorDash

In other news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the sale, the chief operating officer now owns 887,348 shares in the company, valued at $164,674,041.84. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business’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 transaction 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 approximately $3,313,424.85. The trade was a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,511 shares of company stock valued at $30,308,544. Insiders own 7.92% of the company’s stock.

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.