Siemens Fonds Invest GmbH Has $459,000 Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Siemens Fonds Invest GmbH reduced its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 59.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,735 shares of the company's stock after selling 4,065 shares during the quarter. Siemens Fonds Invest GmbH's holdings in DoorDash were worth $459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in DoorDash by 25.0% in the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company's stock worth $12,958,000 after purchasing an additional 18,155 shares in the last quarter. Park Avenue Securities LLC raised its stake in DoorDash by 19.5% in the 4th quarter. Park Avenue Securities LLC now owns 9,167 shares of the company's stock valued at $1,538,000 after acquiring an additional 1,499 shares during the period. Avanza Fonder AB purchased a new position in DoorDash in the 4th quarter valued at approximately $4,657,000. Merit Financial Group LLC purchased a new position in shares of DoorDash in the fourth quarter valued at $503,000. Finally, Kera Capital Partners Inc. purchased a new position in DoorDash during the 4th quarter valued at about $236,000. Institutional investors own 90.64% of the company's stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded up $4.41 during mid-day trading on Friday, hitting $205.28. 1,179,915 shares of the company traded hands, compared to its average volume of 4,172,643. The firm's 50 day simple moving average is $187.51 and its 200 day simple moving average is $183.44. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25. The firm has a market cap of $86.99 billion, a P/E ratio of 758.51 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. Equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Piper Sandler reaffirmed a "neutral" rating and issued a $210.00 price target (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Benchmark upped their price objective on DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Barclays raised their price objective on DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, February 13th. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Finally, Citigroup reissued an "outperform" rating on shares of DoorDash in a research note on Monday, April 28th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.97.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 887,348 shares of the company's stock, valued at $164,674,041.84. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the transaction, the chief financial officer now directly owns 337,430 shares of the company's stock, valued at $63,173,644.60. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,612 shares of company stock worth $18,808,326. Corporate 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.