Credit Suisse AG decreased its stake in shares of DoorDash, Inc. (NYSE:DASH – Free Report) by 25.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,693 shares of the company’s stock after selling 69,283 shares during the quarter. Credit Suisse AG owned about 0.05% of DoorDash worth $12,756,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in DASH. Elequin Securities LLC acquired a new position in shares of DoorDash during the 4th quarter worth approximately $25,000. Manchester Capital Management LLC acquired a new position in shares of DoorDash during the 1st quarter worth approximately $25,000. CI Investments Inc. increased its position in shares of DoorDash by 122.4% during the 4th quarter. CI Investments Inc. now owns 714 shares of the company’s stock worth $35,000 after purchasing an additional 393 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of DoorDash by 887.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,007 shares of the company’s stock worth $49,000 after purchasing an additional 905 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of DoorDash by 541.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,007 shares of the company’s stock worth $49,000 after purchasing an additional 850 shares during the last quarter. Institutional investors and hedge funds own 75.09% of the company’s stock.
DoorDash Stock Performance
DASH opened at $78.01 on Friday. The firm has a market cap of $30.68 billion, a P/E ratio of -23.86 and a beta of 1.62. DoorDash, Inc. has a 52-week low of $41.37 and a 52-week high of $92.61. The business’s fifty day moving average is $80.38 and its 200-day moving average is $68.69.
Analyst Upgrades and Downgrades
DASH has been the subject of several research analyst reports. Bank of America lifted their target price on DoorDash from $82.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. JMP Securities reiterated a “market outperform” rating and set a $100.00 target price on shares of DoorDash in a research note on Monday, July 31st. Wedbush lifted their target price on DoorDash from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Wells Fargo & Company lifted their target price on DoorDash from $70.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Finally, Truist Financial lifted their target price on DoorDash from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, DoorDash currently has an average rating of “Hold” and an average target price of $87.73.
Read Our Latest Analysis on DASH
Insider Buying and Selling
In related news, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $85.95, for a total transaction of $60,165.00. Following the completion of the sale, the director now directly owns 75,720 shares in the company, valued at approximately $6,508,134. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $81.41, for a total transaction of $81,410.00. Following the completion of the sale, the chief accounting officer now directly owns 105,321 shares in the company, valued at approximately $8,574,182.61. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $85.95, for a total value of $60,165.00. Following the sale, the director now owns 75,720 shares of the company’s stock, valued at $6,508,134. The disclosure for this sale can be found here. Insiders sold a total of 919,497 shares of company stock worth $71,392,480 in the last ninety days. 9.59% of the stock is owned by insiders.
About DoorDash
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.
Further Reading
- Five stocks we like better than DoorDash
- What is Put Option Volume?
- One of these 5 Pet Care Stocks Can Be the Next Short Squeeze
- Are Penny Stocks a Good Fit for Your Portfolio?
- 3 High Short Interest Stocks that Investors are Getting Wrong
- How to Invest in Blockchain Stocks Step by Step
- Retail Theft Rises: Two Ways For Investors To Beat Shrinkage
Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.
