Nebula Research & Development LLC Purchases 19,918 Shares of DoorDash, Inc. (NASDAQ:DASH)

Nebula Research & Development LLC boosted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 811.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,374 shares of the company’s stock after acquiring an additional 19,918 shares during the quarter. DoorDash accounts for approximately 0.4% of Nebula Research & Development LLC’s holdings, making the stock its 16th largest position. Nebula Research & Development LLC’s holdings in DoorDash were worth $3,753,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DASH. Pittenger & Anderson Inc. purchased a new position in DoorDash in the 4th quarter worth approximately $29,000. Denver PWM LLC purchased a new stake in DoorDash in the 4th quarter worth $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash during the 4th quarter valued at approximately $36,000. Finally, IFP Advisors Inc increased its holdings in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the 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 completion of the transaction, the director now directly owns 18,285 shares in the company, valued at $3,313,424.85. This represents a 71.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 137,086 shares of company stock valued at $26,430,884 in the last three months. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $187.22 on Friday. The stock’s 50 day simple moving average is $186.57 and its 200 day simple moving average is $177.44. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The company has a market capitalization of $78.65 billion, a price-to-earnings ratio of 693.41 and a beta of 1.69.

Analyst Upgrades and Downgrades

DASH has been the subject of several analyst reports. Cantor Fitzgerald lowered their price objective on DoorDash from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays lifted their target price on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Wolfe Research raised their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wedbush boosted their price objective on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Truist Financial boosted their price target on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $208.88.

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.