63,800 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 63,800 shares of the company's stock, valued at approximately $10,702,000.

Several other institutional investors have also made changes to their positions in DASH. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC acquired a new stake in DoorDash during the fourth quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash during the fourth quarter valued at $34,000. ORG Wealth Partners LLC purchased a new position in DoorDash in the fourth quarter valued at about $36,000. Finally, IFP Advisors Inc increased its position in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DASH has been the subject of several recent research reports. Benchmark reissued a "buy" rating on shares of DoorDash in a research note on Tuesday. Mizuho boosted their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Roth Mkm raised their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Loop Capital upped their price objective on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Piper Sandler reissued a "neutral" rating and set a $210.00 target price (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $209.66.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the transaction, the chief financial officer now directly owns 351,970 shares of the company's stock, valued at approximately $71,840,596.70. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,511 shares of company stock worth $30,394,673. 7.92% of the stock is currently owned by insiders.

DoorDash Price Performance

Shares of NASDAQ:DASH traded up $8.60 during trading on Friday, reaching $204.80. The stock had a trading volume of 1,949,442 shares, compared to its average volume of 4,212,230. The stock has a market capitalization of $86.04 billion, a PE ratio of 759.21 and a beta of 1.69. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The business's 50-day moving average price is $185.23 and its 200 day moving average price is $178.99.

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.