Denver PWM LLC Makes New $30,000 Investment in DoorDash, Inc. (NASDAQ:DASH)

Denver PWM LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, Holdings Channel reports. The fund purchased 179 shares of the company’s stock, valued at approximately $30,000.

A number of other large investors have also bought and sold shares of DASH. Baillie Gifford & Co. increased its stake in shares of DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the period. State Street Corp increased its stake in shares of DoorDash by 3.8% during the third quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after buying an additional 272,659 shares during the period. Janus Henderson Group PLC increased its stake in shares of DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after buying an additional 700,465 shares during the period. Geode Capital Management LLC increased its stake in shares of DoorDash by 6.4% during the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after buying an additional 267,855 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after buying an additional 501,905 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other DoorDash news, General Counsel Tia Sherringham sold 11,694 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $176.91, for a total value of $2,068,785.54. Following the transaction, the general counsel now owns 134,223 shares of the company’s stock, valued at approximately $23,745,390.93. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,334 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total value of $19,507,703.38. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $270,105. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 812,035 shares of company stock valued at $142,357,630 over the last ninety days. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $199.94 on Friday. The company has a market cap of $83.99 billion, a P/E ratio of 740.52 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The stock’s fifty day moving average price is $182.56 and its 200-day moving average price is $161.03.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Wedbush upped their price target on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 price target (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company upped their price target on DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. 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 MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $205.45.

DoorDash 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.