Angeles Wealth Management LLC Trims Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Angeles Wealth Management LLC lowered its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,894 shares of the company’s stock after selling 587 shares during the quarter. Angeles Wealth Management LLC’s holdings in DoorDash were worth $318,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its position in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after purchasing an additional 84 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of DoorDash by 3.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock worth $414,000 after purchasing an additional 88 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of DoorDash by 1.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock worth $1,169,000 after buying an additional 91 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in DoorDash by 3.9% during the 4th quarter. Ballentine Partners LLC now owns 2,962 shares of the company’s stock valued at $497,000 after buying an additional 112 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Trading Down 1.5 %

Shares of NASDAQ:DASH opened at $192.63 on Tuesday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $199.17. The company has a market cap of $80.02 billion, a PE ratio of -428.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. The stock has a 50 day moving average of $177.18 and a 200 day moving average of $155.44.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 115,432 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the sale, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $265,515. This trade represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total value 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 approximately $67,233,117.60. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock worth $181,434,201 over the last three months. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on DASH. JMP Securities reissued a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a report on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Morgan Stanley lifted their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Bank of America increased their price target on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, UBS Group boosted their price objective on shares of DoorDash from $182.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.39.

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.