Atria Wealth Solutions Inc. Grows Position in DoorDash, Inc. (NASDAQ:DASH)

Atria Wealth Solutions Inc. raised its position in DoorDash, Inc. (NASDAQ:DASH) by 1,833.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,068 shares of the company’s stock after purchasing an additional 30,409 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in DoorDash were worth $5,379,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. raised its holdings in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash in the 4th quarter worth about $29,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash in the 4th quarter worth about $34,000. ORG Wealth Partners LLC purchased a new position in shares of DoorDash in the 4th quarter worth about $36,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of 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 buying an additional 69 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Price Performance

NASDAQ:DASH opened at $213.24 on Thursday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The firm has a market capitalization of $88.58 billion, a P/E ratio of 789.78 and a beta of 1.72. The business has a 50 day simple moving average of $181.54 and a 200 day simple moving average of $159.93.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Needham & Company LLC raised their target price on DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wolfe Research raised their target price on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Royal Bank of Canada raised their target price on DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Citigroup raised their target price on DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, DA Davidson raised their target price on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $205.45.

Insider Activity at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Keith Yandell sold 5,509 shares of DoorDash stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $176.24, for a total value of $970,906.16. Following the sale, the insider now directly owns 118,712 shares in the company, valued at $20,921,802.88. The trade was a 4.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 817,544 shares of company stock worth $143,328,536 in the last 90 days. 7.92% of the stock is currently owned by company 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.