Oxford Asset Management LLP Acquires Shares of 1,482 DoorDash, Inc. (NASDAQ:DASH)

Oxford Asset Management LLP acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,482 shares of the company's stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. GeoWealth Management LLC lifted its position in DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after acquiring an additional 51 shares during the last quarter. IFP Advisors Inc lifted its position in DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in DoorDash by 34.0% in the fourth 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 last quarter. Avestar Capital LLC increased its stake in DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after purchasing an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock valued at $1,970,000 after buying an additional 84 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares in the company, valued at $3,313,424.85. The trade was a 71.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,511 shares of company stock worth $30,394,673 over the last quarter. 7.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

DASH has been the subject of several analyst reports. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. Truist Financial upped their price objective on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Oppenheimer reaffirmed a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Loop Capital upped their price objective on DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $209.66.

DoorDash Price Performance

NASDAQ:DASH traded up $3.31 during trading hours on Thursday, reaching $196.20. 4,145,464 shares of the company traded hands, compared to its average volume of 4,220,724. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The firm's 50-day moving average is $185.22 and its 200-day moving average is $178.68. The stock has a market cap of $82.42 billion, a P/E ratio of 726.67 and a beta of 1.69.

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.