Generali Investments Towarzystwo Funduszy Inwestycyjnych Invests $134,000 in DoorDash, Inc. (NASDAQ:DASH)

Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 800 shares of the company’s stock, valued at approximately $134,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in DoorDash in the third quarter valued at approximately $1,772,000. Wealth Enhancement Advisory Services LLC lifted its holdings in DoorDash by 8.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,660 shares of the company’s stock valued at $1,664,000 after acquiring an additional 942 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in DoorDash in the third quarter valued at approximately $364,000. abrdn plc lifted its holdings in DoorDash by 63.5% in the third quarter. abrdn plc now owns 72,389 shares of the company’s stock valued at $10,332,000 after acquiring an additional 28,127 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in DoorDash by 11.1% in the third quarter. First Trust Direct Indexing L.P. now owns 5,704 shares of the company’s stock valued at $814,000 after acquiring an additional 568 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 4,474 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $177.36, for a total value of $793,508.64. Following the completion of the transaction, the insider now owns 114,238 shares in the company, valued at $20,261,251.68. This represents a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stanley Tang sold 50,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $176.88, for a total transaction of $8,844,000.00. Following the sale, the director now owns 35,413 shares of the company’s stock, valued at $6,263,851.44. This trade represents a 58.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 753,662 shares of company stock worth $133,190,353 over the last 90 days. Corporate insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of a number of recent analyst reports. Citigroup upped their price objective on DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Oppenheimer upped their price objective on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. UBS Group boosted their target price on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Benchmark boosted their target price on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Price Performance

NASDAQ DASH opened at $195.84 on Friday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24. The company has a market capitalization of $82.27 billion, a PE ratio of 725.33 and a beta of 1.72. The company has a fifty day moving average of $184.40 and a two-hundred day moving average of $162.77.

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.