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% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,026 shares of the company’s stock after purchasing an additional 3,837 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in DoorDash were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DASH. Alliancebernstein L.P. grew its stake in shares of DoorDash by 15.9% during the fourth quarter. Alliancebernstein L.P. now owns 250,267 shares of the company’s stock worth $41,982,000 after buying an additional 34,383 shares during the last quarter. AIA Group Ltd bought a new stake in DoorDash during the 4th quarter worth $362,000. O Shaughnessy Asset Management LLC increased its holdings in DoorDash by 29.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 19,053 shares of the company’s stock worth $3,196,000 after purchasing an additional 4,343 shares in the last quarter. California Public Employees Retirement System raised its position in DoorDash by 97.0% in the fourth quarter. California Public Employees Retirement System now owns 1,172,959 shares of the company’s stock valued at $196,764,000 after purchasing an additional 577,610 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of DoorDash during the fourth quarter valued at about $63,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of DASH opened at $189.25 on Thursday. The firm has a market capitalization of $79.50 billion, a P/E ratio of 700.93 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The stock has a 50 day moving average price of $192.48 and a two-hundred day moving average price of $173.23.

Insider Activity at DoorDash

In other DoorDash news, insider Keith Yandell sold 8,116 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 value of $1,651,200.20. Following the completion of the sale, the insider now owns 105,162 shares in the company, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at approximately $2,722,744.32. This represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 213,113 shares of company stock valued at $38,998,374 over the last 90 days. Insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DASH shares. Citigroup reaffirmed a “buy” rating on shares of DoorDash in a research note on Saturday, March 8th. UBS Group raised their price target on shares of DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Truist Financial boosted their price objective on shares of DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 target price on shares of DoorDash in a research report on Thursday, February 6th. Finally, Susquehanna upped their price target on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $207.21.

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.