Deutsche Bank AG raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 950,968 shares of the company's stock after acquiring an additional 124,382 shares during the quarter. Deutsche Bank AG owned approximately 0.23% of DoorDash worth $159,525,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB raised its position in shares of DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock worth $28,694,000 after purchasing an additional 5,539 shares during the last quarter. LVW Advisors LLC acquired a new stake in DoorDash during the 4th quarter valued at $236,000. Retireful LLC increased its position in DoorDash by 121.4% during the fourth quarter. Retireful LLC now owns 9,621 shares of the company's stock worth $1,614,000 after buying an additional 5,275 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of DoorDash in the fourth quarter worth $240,000. Finally, Merit Financial Group LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at $503,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.
DoorDash Price Performance
DoorDash stock traded up $5.70 during midday trading on Tuesday, hitting $197.80. 3,843,150 shares of the company were exchanged, compared to its average volume of 4,177,663. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The company's fifty day moving average price is $184.56 and its 200-day moving average price is $181.30. The company has a market cap of $83.09 billion, a PE ratio of 732.59 and a beta of 1.68.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company's revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Oppenheimer reaffirmed a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Truist Financial lifted their price target on shares of DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Citigroup reissued an "outperform" rating on shares of DoorDash in a research note on Monday, April 28th. Bank of America lowered their target price on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Finally, Roth Mkm raised their price objective on DoorDash from $165.00 to $193.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, DoorDash has an average rating of "Moderate Buy" and an average price target of $209.97.
Check Out Our Latest Research Report on DoorDash
Insiders Place Their Bets
In other DoorDash news, COO Prabir Adarkar sold 20,161 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $4,101,755.45. Following the completion of the transaction, the chief operating officer now owns 905,061 shares of the company's stock, valued at $184,134,660.45. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ravi Inukonda sold 15,198 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the sale, the chief financial officer now owns 351,970 shares in the company, valued at approximately $71,840,596.70. This trade represents a 4.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,573 shares of company stock valued at $30,407,073 in the last ninety days. Corporate insiders own 7.92% of the company's stock.
About DoorDash
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Free Report)
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.
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