Werba Rubin Papier Wealth Management Invests $245,000 in DoorDash, Inc. (NASDAQ:DASH)

Werba Rubin Papier Wealth Management purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,462 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DASH. Baillie Gifford & Co. increased its position in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Janus Henderson Group PLC lifted its holdings in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after buying an additional 700,465 shares during the period. Thrivent Financial for Lutherans raised its position in shares of DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock worth $94,716,000 after acquiring an additional 651,525 shares in the last quarter. Franklin Resources Inc. raised its position in shares of DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in DoorDash by 37.5% in the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after buying an additional 476,360 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at $2,857,652.16. The trade was a 75.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 817,544 shares of company stock worth $143,328,536. Insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on DASH shares. Jefferies Financial Group boosted their price objective on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. KeyCorp boosted their target price on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Loop Capital boosted their target price on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley upped their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Wedbush increased their target price on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.45.

DoorDash Stock Performance

DASH opened at $211.97 on Wednesday. The stock has a market cap of $88.05 billion, a price-to-earnings ratio of 785.07 and a beta of 1.72. The firm’s fifty day moving average is $180.80 and its 200 day moving average is $159.55. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

DoorDash Company Profile

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.