Deutsche Bank AG Has $367.31 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Key Points

• Deutsche Bank AG increased its holdings in DoorDash, Inc. by 111.3% in Q1, now owning approximately 2 million shares valued at $367.31 million.
• Analysts are optimistic about DoorDash, with multiple upgrades to price targets, including a raise from $260 to $315 by Benchmark.
• DoorDash reported a 24.9% increase in revenue year-over-year, with $3.28 billion in revenue and earnings per share (EPS) of $0.65, exceeding estimates.

Deutsche Bank AG raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 111.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,009,699 shares of the company's stock after acquiring an additional 1,058,731 shares during the quarter. Deutsche Bank AG owned approximately 0.48% of DoorDash worth $367,313,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Harbour Investments Inc. boosted its holdings in shares of DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after purchasing an additional 70 shares during the period. ORG Partners LLC increased its stake in DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock valued at $46,000 after buying an additional 202 shares during the period. Rothschild Investment LLC lifted its position in DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after buying an additional 247 shares in the last quarter. Mizuho Securities Co. Ltd. boosted its stake in shares of DoorDash by 150.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock valued at $55,000 after buying an additional 180 shares during the period. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of DoorDash during the 1st quarter valued at $56,000. Institutional investors and hedge funds own 90.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Benchmark lifted their price objective on DoorDash from $260.00 to $315.00 and gave the company a "buy" rating in a research report on Thursday. BTIG Research upped their target price on DoorDash from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Raymond James Financial reaffirmed a "strong-buy" rating and set a $325.00 price target (up from $275.00) on shares of DoorDash in a research note on Thursday. Finally, Sanford C. Bernstein lifted their price target on DoorDash from $210.00 to $265.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Eleven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $255.65.

DoorDash Price Performance

NASDAQ:DASH opened at $270.99 on Friday. DoorDash, Inc. has a one year low of $121.18 and a one year high of $278.15. The company has a fifty day moving average price of $235.05 and a 200 day moving average price of $205.89. The stock has a market cap of $114.83 billion, a P/E ratio of 150.55 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.86%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the firm posted ($0.38) EPS. The business's revenue was up 24.9% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the sale, the director directly owned 26,070 shares in the company, valued at approximately $6,274,788.30. The trade was a 63.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 62,267 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $202.67, for a total value of $12,619,652.89. Following the completion of the transaction, the chief operating officer owned 942,554 shares of the company's stock, valued at $191,027,419.18. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 583,537 shares of company stock valued at $133,720,004. 5.83% of the stock is currently owned by insiders.

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.

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