Lido Advisors LLC Has $1.48 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Lido Advisors LLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,812 shares of the company's stock after buying an additional 1,646 shares during the quarter. Lido Advisors LLC's holdings in DoorDash were worth $1,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash in the fourth quarter valued at about $29,000. Denver PWM LLC bought a new position in DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new stake in DoorDash in the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC purchased a new position in shares of DoorDash during the fourth quarter worth about $36,000. Finally, IFP Advisors Inc raised its position in shares of DoorDash by 31.8% during 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 in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 15,198 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the sale, the chief financial officer now owns 351,970 shares of the company's stock, valued at approximately $71,840,596.70. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the transaction, the director now owns 18,285 shares of the company's stock, valued at $3,313,424.85. This trade represents a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 158,511 shares of company stock valued at $30,394,673. 7.92% of the stock is owned by insiders.

DoorDash Stock Up 4.5 %

NASDAQ DASH traded up $8.89 during trading on Friday, reaching $205.09. 4,255,475 shares of the stock traded hands, compared to its average volume of 4,140,934. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The stock's 50-day moving average price is $185.50 and its 200 day moving average price is $179.78. The firm has a market cap of $86.16 billion, a price-to-earnings ratio of 759.59 and a beta of 1.69.

Analysts Set New Price Targets

DASH has been the topic of several recent analyst reports. Cantor Fitzgerald cut their target price on shares of DoorDash from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Bank of America cut their target price on DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Oppenheimer restated a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Benchmark reissued a "buy" rating on shares of DoorDash in a report on Tuesday, April 29th. Finally, Citigroup reiterated an "outperform" rating on shares of DoorDash in a research note on Monday, April 28th. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.66.

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.