B. Metzler seel. Sohn & Co. AG Buys 3,837 Shares of DoorDash, Inc. (NASDAQ:DASH)

B. Metzler seel. Sohn & Co. AG lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 53.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,026 shares of the company’s stock after acquiring an additional 3,837 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in DoorDash were worth $1,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of DoorDash in the 4th quarter valued at about $597,443,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of DoorDash by 67.1% during 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. Raymond James Financial Inc. acquired a new stake in DoorDash in the 4th quarter valued at approximately $146,094,000. California Public Employees Retirement System lifted its stake in DoorDash by 97.0% in the 4th quarter. California Public Employees Retirement System now owns 1,172,959 shares of the company’s stock valued at $196,764,000 after acquiring an additional 577,610 shares in the last quarter. Finally, Amundi boosted its position in DoorDash by 65.0% during the 4th quarter. Amundi now owns 1,407,884 shares of the company’s stock worth $244,578,000 after acquiring an additional 554,675 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DASH. Cantor Fitzgerald boosted their price objective on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. KeyCorp increased their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. 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. Wolfe Research increased their price target on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group boosted their price target on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $207.21.

Insider Buying and Selling at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the sale, the chief operating officer now owns 925,222 shares in the company, valued at $167,307,894.26. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,113 shares of company stock valued at $38,998,374 in the last three months. Corporate insiders own 7.92% of the company’s stock.

DoorDash Trading Up 3.7 %

Shares of DASH stock opened at $189.25 on Thursday. The stock has a market cap of $79.50 billion, a P/E ratio of 700.93 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock has a 50 day simple moving average of $192.48 and a 200 day simple moving average of $173.23.

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.