Deutsche Bank AG Purchases 124,382 Shares of DoorDash, Inc. (NASDAQ:DASH)

Deutsche Bank AG grew its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,968 shares of the company’s stock after acquiring an additional 124,382 shares during the quarter. Deutsche Bank AG owned about 0.23% of DoorDash worth $159,525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DASH. Principal Financial Group Inc. boosted its stake in DoorDash by 25.0% during the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock valued at $12,958,000 after purchasing an additional 18,155 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of DoorDash by 6.3% during the fourth quarter. Fulton Bank N.A. now owns 3,197 shares of the company’s stock valued at $536,000 after buying an additional 190 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after buying an additional 84 shares in the last quarter. Franklin Street Advisors Inc. NC bought a new position in DoorDash during the 4th quarter valued at $298,000. Finally, ORG Wealth Partners LLC purchased a new position in DoorDash during the 4th quarter worth $36,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DASH. Wells Fargo & Company dropped their price target on shares of DoorDash from $201.00 to $198.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price on shares of DoorDash in a research note on Wednesday. Roth Mkm increased their price target on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Wedbush reissued an “outperform” rating on shares of DoorDash in a research report on Wednesday. Finally, Barclays raised their target price on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $209.97.

DoorDash Trading Up 0.3 %

Shares of NASDAQ DASH opened at $183.56 on Friday. The firm has a fifty day simple moving average of $184.61 and a two-hundred day simple moving average of $180.63. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25. The firm has a market capitalization of $77.11 billion, a PE ratio of 679.85 and a beta of 1.68.

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

Insider Buying and Selling

In other DoorDash news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,573 shares of company stock worth $30,407,073 in the last three months. 7.92% of the stock is owned by corporate insiders.

DoorDash Company 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.