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

Deutsche Bank AG lifted its position in DoorDash, Inc. (NASDAQ:DASH) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 950,968 shares of the company’s stock after purchasing an additional 124,382 shares during the period. Deutsche Bank AG’s holdings in DoorDash were worth $159,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DASH. Norges Bank purchased a new position in shares of DoorDash in the fourth quarter worth approximately $597,443,000. Capital World Investors increased its position in DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after buying an additional 2,538,160 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after buying an additional 1,869,866 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock worth $796,781,000 after buying an additional 949,414 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in DoorDash in the 4th quarter worth approximately $146,094,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $183.56 on Friday. The firm has a market capitalization of $77.11 billion, a PE ratio of 679.85 and a beta of 1.68. The business has a 50 day simple moving average of $184.61 and a two-hundred day simple moving average of $180.63. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data 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. 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 analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business earned ($0.06) EPS. DoorDash’s revenue 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.

Insider Transactions at DoorDash

In other news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $184.85, for a total transaction of $3,697,000.00. Following the transaction, the chief operating officer now owns 887,348 shares of the company’s stock, valued at approximately $164,026,277.80. This represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the transaction, the chief financial officer now owns 337,430 shares in the company, valued at approximately $63,173,644.60. The trade was 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 have sold 158,573 shares of company stock worth $30,407,073. Insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DASH. Benchmark raised their price objective on shares of DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. Mizuho boosted their price objective on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group increased their target price on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a report on Tuesday, April 29th. Finally, Bank of America cut their price objective on shares of DoorDash from $245.00 to $235.00 and set a “buy” rating for the company in a report on Monday, April 7th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.