DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH cut its stake in DoorDash, Inc. (NASDAQ:DASHFree Report) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,278 shares of the company’s stock after selling 4,952 shares during the quarter. Allianz Asset Management GmbH’s holdings in DoorDash were worth $1,906,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Oppenheimer Asset Management Inc. purchased a new position in DoorDash during the third quarter worth about $373,000. Amalgamated Bank lifted its holdings in DoorDash by 1.7% in the third quarter. Amalgamated Bank now owns 32,653 shares of the company’s stock valued at $2,595,000 after acquiring an additional 550 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in DoorDash by 66.8% in the third quarter. Janney Montgomery Scott LLC now owns 13,343 shares of the company’s stock valued at $1,060,000 after acquiring an additional 5,343 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in DoorDash by 14.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,098,708 shares of the company’s stock worth $87,314,000 after acquiring an additional 141,787 shares during the period. Finally, Van ECK Associates Corp increased its stake in DoorDash by 318.0% during the third quarter. Van ECK Associates Corp now owns 33,661 shares of the company’s stock worth $2,675,000 after acquiring an additional 25,608 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In related news, insider Keith Yandell sold 12,088 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total value of $1,351,921.92. Following the completion of the sale, the insider now owns 161,651 shares in the company, valued at $18,079,047.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Keith Yandell sold 12,088 shares of DoorDash stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total value of $1,351,921.92. Following the transaction, the insider now directly owns 161,651 shares of the company’s stock, valued at $18,079,047.84. The disclosure for this sale can be found here. Insiders have sold a total of 449,323 shares of company stock valued at $59,674,859 in the last ninety days. 7.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Susquehanna raised their price objective on DoorDash from $110.00 to $135.00 and gave the stock a “positive” rating in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group increased their price objective on shares of DoorDash from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Wells Fargo & Company boosted their target price on DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, Citigroup raised their price target on DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Check Out Our Latest Report on DoorDash

DoorDash Trading Down 0.7 %

NASDAQ DASH opened at $113.27 on Friday. The stock has a market capitalization of $46.32 billion, a price-to-earnings ratio of -104.88, a PEG ratio of 28.84 and a beta of 1.69. The business’s 50 day moving average is $122.65 and its two-hundred day moving average is $115.48. DoorDash, Inc. has a 12-month low of $69.00 and a 12-month high of $143.34.

DoorDash (NASDAQ:DASHGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. DoorDash’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.41) earnings per share. Equities analysts forecast that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

DoorDash Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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