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

Siemens Fonds Invest GmbH trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 59.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GeoWealth Management LLC boosted its position in DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after buying 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 valued at $37,000 after acquiring an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after purchasing an additional 75 shares during the period. Finally, Coldstream Capital Management Inc. grew its stake in shares of DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company’s stock worth $279,000 after purchasing an additional 86 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Activity at DoorDash

In other news, CFO Ravi Inukonda sold 15,198 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the sale, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. This represents a 4.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This represents a 8.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,573 shares of company stock valued at $30,407,073. 5.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wedbush restated an “outperform” rating on shares of DoorDash in a report on Wednesday, May 7th. Mizuho increased their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Benchmark raised their price objective on DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Roth Capital set a $191.00 price objective on DoorDash and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Finally, Loop Capital upped their target price on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, February 24th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $209.97.

DoorDash Trading Up 2.5%

NASDAQ DASH opened at $202.00 on Friday. The company has a market cap of $84.86 billion, a P/E ratio of 748.15 and a beta of 1.68. The company has a fifty day simple moving average of $186.03 and a 200 day simple moving average of $182.33. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

DoorDash (NASDAQ:DASH) last issued 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. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned ($0.06) earnings per share. Sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

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.