DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 59.8% in the 4th quarter, according to 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 institutional investors and hedge funds also recently made changes to their positions in the company. GeoWealth Management LLC boosted its stake in DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after purchasing an additional 51 shares during the period. IFP Advisors Inc raised its stake in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock valued at $1,110,000 after purchasing an additional 75 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of DoorDash by 5.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after purchasing an additional 86 shares during the last quarter. Finally, Howard Capital Management Inc. grew its holdings in shares of DoorDash by 5.1% during the 4th quarter. Howard Capital Management Inc. now owns 1,841 shares of the company's stock valued at $309,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent research reports. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a report on Monday, April 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $225.00 price target on shares of DoorDash in a research note on Monday, April 28th. Susquehanna lifted their price target on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research note on Thursday, February 13th. Morgan Stanley decreased their target price on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Loop Capital boosted their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $209.97.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction dated Friday, March 28th. The stock was 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 owns 887,348 shares in the company, valued at $164,674,041.84. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ravi Inukonda sold 14,715 shares of DoorDash stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $196.52, for a total value of $2,891,791.80. Following the sale, the chief financial officer now directly owns 338,055 shares of the company's stock, valued at $66,434,568.60. This trade represents a 4.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 222,736 shares of company stock worth $43,334,336. Company insiders own 5.83% of the company's stock.

DoorDash Stock Up 0.8%

DASH stock traded up $1.56 during midday trading on Friday, hitting $206.14. The company's stock had a trading volume of 4,853,384 shares, compared to its average volume of 4,198,377. The firm has a market capitalization of $87.35 billion, a price-to-earnings ratio of 763.48 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 company has a 50 day moving average of $189.04 and a two-hundred day moving average of $184.90.

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, topping 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 during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company earned ($0.06) earnings per share. DoorDash's revenue was up 20.7% on a year-over-year basis. On average, analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.