16,400 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by DJE Kapital AG

DJE Kapital AG acquired a new position in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,400 shares of the company’s stock, valued at approximately $2,715,000.

Other large investors also recently modified their holdings of the company. Rakuten Securities Inc. lifted its position in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. purchased a new position in DoorDash during the fourth quarter valued at $29,000. Denver PWM LLC purchased a new position in DoorDash during the fourth quarter valued at $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash during the fourth quarter valued at $34,000. Finally, ORG Wealth Partners LLC purchased a new position in DoorDash during the fourth quarter valued at $36,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $198.44 on Monday. The firm has a market capitalization of $83.36 billion, a price-to-earnings ratio of 734.96 and a beta of 1.72. The stock has a 50 day moving average price of $184.95 and a 200 day moving average price of $163.79. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.24.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DASH. BMO Capital Markets reiterated an “outperform” rating and set a $240.00 target price (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Loop Capital lifted their target price on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, February 24th. 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. Evercore ISI boosted their price objective on DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler restated a “neutral” rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $206.52.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at $268,110. This represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $176.66, for a total value of $8,833,000.00. Following the sale, the director now owns 16,176 shares of the company’s stock, valued at approximately $2,857,652.16. This represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 576,536 shares of company stock worth $101,844,949. Company insiders own 7.92% of the company’s stock.

About DoorDash

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.