DoorDash, Inc. (NASDAQ:DASH) Stock Position Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,258 shares of the company's stock after buying an additional 41,180 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of DoorDash worth $53,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. GeoWealth Management LLC increased its stake in shares of DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after buying an additional 51 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after buying an additional 86 shares during the last quarter. LVW Advisors LLC increased its stake in shares of DoorDash by 6.1% in the first quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after buying an additional 86 shares during the last quarter. CVA Family Office LLC increased its stake in shares of DoorDash by 12.7% in the first quarter. CVA Family Office LLC now owns 774 shares of the company's stock worth $141,000 after buying an additional 87 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in DoorDash by 4.8% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,315 shares of the company's stock valued at $388,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DASH. DA Davidson upped their price objective on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Benchmark upped their price objective on DoorDash from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Cantor Fitzgerald restated an "overweight" rating and set a $260.00 price objective (up previously from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Wedbush restated an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded DoorDash from a "hold" rating to a "buy" rating in a research note on Saturday. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $230.34.

DoorDash Stock Up 2.6%

NASDAQ DASH traded up $6.23 on Friday, reaching $249.92. 3,051,438 shares of the stock traded hands, compared to its average volume of 3,405,321. The firm's fifty day simple moving average is $226.30 and its 200 day simple moving average is $201.03. The company has a market cap of $105.90 billion, a price-to-earnings ratio of 324.58 and a beta of 1.70. DoorDash, Inc. has a 12 month low of $102.81 and a 12 month high of $250.23.

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

Insider Activity

In other DoorDash news, CEO Tony Xu sold 44,244 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the completion of the transaction, the chief executive officer directly owned 520,450 shares of the company's stock, valued at approximately $114,868,519.50. This trade represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90. Following the transaction, the director directly owned 26,070 shares of the company's stock, valued at approximately $6,274,788.30. The trade was a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 441,773 shares of company stock worth $98,711,043 in the last quarter. 5.83% of the stock is currently owned by corporate insiders.

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.