B. Metzler seel. Sohn & Co. AG Acquires 3,923 Shares of DoorDash, Inc. $DASH

B. Metzler seel. Sohn & Co. AG increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 35.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,983 shares of the company’s stock after acquiring an additional 3,923 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in DoorDash were worth $3,393,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in DoorDash by 3.7% in the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after purchasing an additional 1,522,823 shares during the last quarter. Scge Management L.P. purchased a new position in DoorDash in the second quarter valued at approximately $267,463,000. Invesco Ltd. lifted its stake in DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock valued at $1,728,667,000 after purchasing an additional 980,148 shares during the last quarter. Ninety One UK Ltd purchased a new position in DoorDash in the third quarter valued at approximately $259,154,000. Finally, State Street Corp lifted its stake in DoorDash by 6.3% in the third quarter. State Street Corp now owns 15,296,624 shares of the company’s stock valued at $4,160,529,000 after purchasing an additional 909,125 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Down 0.1%

NASDAQ DASH opened at $176.78 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $76.80 billion, a PE ratio of 83.39 and a beta of 1.93. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The business’s 50-day moving average is $166.77 and its 200 day moving average is $202.99.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. Sell-side analysts forecast that DoorDash, Inc. will post 2.51 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 21,433 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the sale, the director directly owned 19,279 shares in the company, valued at $2,891,850. This trade represents a 52.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the completion of the sale, the chief operating officer owned 843,678 shares of the company’s stock, valued at $158,898,314.52. This trade represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 89,406 shares of company stock worth $16,639,624 over the last three months. Company insiders own 5.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DASH. Wolfe Research set a $270.00 target price on DoorDash in a research report on Monday, January 5th. Wells Fargo & Company dropped their target price on DoorDash from $221.00 to $198.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. Mizuho dropped their target price on DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research downgraded DoorDash from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Finally, Evercore set a $300.00 target price on DoorDash in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $261.32.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.