Raiffeisen Bank International AG Invests $550,000 in DoorDash, Inc. (NASDAQ:DASH)

Raiffeisen Bank International AG bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,244 shares of the company's stock, valued at approximately $550,000.

Other institutional investors have also made changes to their positions in the company. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at $34,000. IFP Advisors Inc raised its holdings in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after buying an additional 54 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after acquiring an additional 69 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $185.58, for a total value of $3,711,600.00. Following the transaction, the chief operating officer now directly owns 887,348 shares of the company's stock, valued at approximately $164,674,041.84. The trade was a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the sale, the director now owns 18,285 shares of the company's stock, valued at $3,313,424.85. This trade represents a 71.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,612 shares of company stock valued at $18,808,326. 5.83% of the stock is owned by company insiders.

DoorDash Stock Performance

DoorDash stock traded up $3.61 during midday trading on Friday, hitting $204.48. 1,059,444 shares of the company's stock were exchanged, compared to its average volume of 4,171,460. The stock has a market cap of $86.65 billion, a price-to-earnings ratio of 757.16 and a beta of 1.68. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm's 50 day simple moving average is $187.51 and its 200 day simple moving average is $183.44.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. On average, equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on DASH shares. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Truist Financial lifted their price objective on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. UBS Group cut their target price on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Citigroup reissued an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.97.

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.