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

Avantax Advisory Services Inc. raised its position in DoorDash, Inc. (NASDAQ:DASH) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,103 shares of the company’s stock after buying an additional 359 shares during the quarter. Avantax Advisory Services Inc.’s holdings in DoorDash were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Pittenger & Anderson Inc. purchased a new stake in DoorDash in the 4th quarter valued at approximately $29,000. Denver PWM LLC purchased a new position in DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash during the 4th quarter worth about $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 grew its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after buying an additional 54 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Up 4.4 %

DASH opened at $198.98 on Tuesday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock has a fifty day moving average price of $190.33 and a 200 day moving average price of $170.52. The stock has a market cap of $83.59 billion, a price-to-earnings ratio of 736.96 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, February 6th. Cantor Fitzgerald upped their target price on shares of DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Roth Mkm raised their price target on shares of DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Finally, Wells Fargo & Company upped their price objective on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” 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 stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

Insider Activity

In other DoorDash news, insider Keith Yandell sold 8,116 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 $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction on Friday, January 10th. The shares were 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 approximately $2,750,081.76. This trade represents a 75.56 % 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 three months. 7.92% of the stock is owned by 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.