Commerzbank Aktiengesellschaft FI Invests $303,000 in DoorDash, Inc. (NASDAQ:DASH)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,654 shares of the company's stock, valued at approximately $303,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after purchasing an additional 1,807 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of DoorDash by 14.4% during the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after purchasing an additional 206 shares during the period. GAMMA Investing LLC raised its position in shares of DoorDash by 70.4% during the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after purchasing an additional 794 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of DoorDash by 43.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,026 shares of the company's stock worth $1,682,000 after buying an additional 3,013 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of DoorDash by 9.3% during the first quarter. Park Avenue Securities LLC now owns 10,017 shares of the company's stock worth $1,831,000 after buying an additional 850 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total value of $7,219,800.00. Following the transaction, the director directly owned 22,545 shares of the company's stock, valued at $5,425,679.70. The trade was a 57.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 34,167 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $236.80, for a total value of $8,090,745.60. Following the completion of the transaction, the chief executive officer directly owned 520,450 shares in the company, valued at $123,242,560. This represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 463,198 shares of company stock worth $102,674,831. 5.83% of the stock is currently owned by insiders.

DoorDash Stock Performance

Shares of DoorDash stock traded up $4.15 during trading on Friday, reaching $239.17. 3,407,442 shares of the company's stock were exchanged, compared to its average volume of 4,201,299. The company has a market cap of $101.35 billion, a P/E ratio of 310.61 and a beta of 1.70. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $248.74. The firm's 50-day moving average price is $221.73 and its 200 day moving average price is $198.59.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company posted ($0.06) EPS. DoorDash's quarterly revenue was up 20.7% compared to the same quarter last year. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of research reports. Morgan Stanley decreased their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Oppenheimer increased their price objective on DoorDash from $220.00 to $280.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. UBS Group decreased their price objective on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. FBN Securities assumed coverage on DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price target for the company. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $260.00 price target (up from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Twelve research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $226.97.

DoorDash 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.