Oppenheimer Asset Management Inc. Takes $373,000 Position in DoorDash, Inc. (NYSE:DASH)

Oppenheimer Asset Management Inc. acquired a new stake in shares of DoorDash, Inc. (NYSE:DASHFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,696 shares of the company’s stock, valued at approximately $373,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DASH. Fifth Third Bancorp lifted its position in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after buying an additional 359 shares during the period. Natixis purchased a new position in DoorDash during the second quarter valued at $52,000. Belpointe Asset Management LLC lifted its position in DoorDash by 7,242.9% during the first quarter. Belpointe Asset Management LLC now owns 1,028 shares of the company’s stock valued at $65,000 after buying an additional 1,014 shares during the period. National Bank of Canada FI lifted its position in DoorDash by 13.1% during the third quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock valued at $86,000 after buying an additional 125 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new position in DoorDash during the third quarter valued at $94,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total transaction of $76,797.00. Following the sale, the director now directly owns 71,514 shares in the company, valued at approximately $7,845,800.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DoorDash news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total value of $76,797.00. Following the completion of the transaction, the director now directly owns 71,514 shares of the company’s stock, valued at approximately $7,845,800.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction on Monday, November 13th. The stock was sold at an average price of $86.70, for a total transaction of $86,700.00. Following the completion of the transaction, the chief accounting officer now directly owns 100,412 shares of the company’s stock, valued at $8,705,720.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 571,200 shares of company stock worth $56,958,959. Company insiders own 9.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DASH. JPMorgan Chase & Co. upped their price target on shares of DoorDash from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. JMP Securities upped their price target on shares of DoorDash from $113.00 to $130.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 6th. Wedbush upped their price target on shares of DoorDash from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $133.00 price target on shares of DoorDash in a research note on Tuesday, February 6th. Finally, Piper Sandler upped their price target on shares of DoorDash from $47.00 to $51.00 and gave the stock an “underweight” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $104.33.

Get Our Latest Stock Report on DoorDash

DoorDash Trading Up 0.9 %

DASH opened at $119.31 on Friday. DoorDash, Inc. has a 1-year low of $51.50 and a 1-year high of $119.79. The company has a market capitalization of $47.51 billion, a PE ratio of -44.35 and a beta of 1.72. The firm’s 50 day simple moving average is $103.18 and its two-hundred day simple moving average is $89.76.

About DoorDash

(Free Report)

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

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NYSE:DASHFree Report).

Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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.