B. Metzler seel. Sohn & Co. AG Acquires 2,411 Shares of DoorDash, Inc. $DASH

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in DoorDash by 21.9%, owning 13,437 shares worth $2,456,000 following additional purchases in the first quarter.
• Insider sales included CEO Tony Xu selling 291,403 shares for approximately $69.4 million, a significant 55.99% decrease in his ownership.
• DoorDash reported a quarterly EPS of $0.65, exceeding analysts' expectations, with revenue rising by 24.9% year-over-year to $3.28 billion.

B. Metzler seel. Sohn & Co. AG lifted its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 21.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,437 shares of the company's stock after buying an additional 2,411 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in DoorDash were worth $2,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. grew its position in shares of DoorDash by 55.6% in the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after buying an additional 70 shares during the period. SouthState Corp grew its position in shares of DoorDash by 762.5% in the 1st quarter. SouthState Corp now owns 207 shares of the company's stock worth $38,000 after buying an additional 183 shares during the period. ORG Partners LLC grew its position in shares of DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after buying an additional 202 shares during the period. Rothschild Investment LLC grew its position in DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after purchasing an additional 247 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. grew its position in 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 purchasing an additional 180 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

Shares of DASH traded down $1.45 on Tuesday, reaching $243.80. The company's stock had a trading volume of 1,782,852 shares, compared to its average volume of 4,632,469. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $104.15 billion, a P/E ratio of 135.66 and a beta of 1.70. The stock's 50 day simple moving average is $245.82 and its two-hundred day simple moving average is $213.06. DoorDash, Inc. has a 12-month low of $122.32 and a 12-month high of $278.15.

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 analysts' consensus estimates of $0.42 by $0.23. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.38) earnings per share. Research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on DASH shares. Raymond James Financial reissued a "strong-buy" rating and set a $325.00 price objective (up from $275.00) on shares of DoorDash in a research report on Thursday, August 7th. UBS Group increased their price objective on shares of DoorDash from $260.00 to $280.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. JMP Securities increased their price objective on shares of DoorDash from $250.00 to $335.00 and gave the company a "market outperform" rating in a research report on Thursday, August 7th. KeyCorp reissued an "overweight" rating and set a $325.00 price objective (up from $295.00) on shares of DoorDash in a research report on Thursday, August 7th. Finally, Jefferies Financial Group increased their price objective on shares of DoorDash from $250.00 to $265.00 and gave the company a "hold" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $263.88.

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the sale, the director owned 22,545 shares in the company, valued at approximately $6,216,558.30. This trade represents a 68.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 13,891 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $247.22, for a total transaction of $3,434,133.02. Following the sale, the chief financial officer owned 215,397 shares in the company, valued at approximately $53,250,446.34. The trade was a 6.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 901,361 shares of company stock worth $218,575,187 in the last 90 days. Insiders own 5.83% of the company's stock.

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.