Werba Rubin Papier Wealth Management Purchases Shares of 1,462 DoorDash, Inc. (NASDAQ:DASH)

Werba Rubin Papier Wealth Management acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,462 shares of the company's stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DASH. Rakuten Securities Inc. grew its position in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after acquiring an additional 130 shares during the last quarter. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the fourth quarter worth about $29,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash in the fourth quarter worth about $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash in the fourth quarter worth about $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Performance

DASH stock traded down $2.31 during trading on Friday, reaching $199.94. The company had a trading volume of 4,096,182 shares, compared to its average volume of 3,848,726. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.24. The firm has a 50-day simple moving average of $182.56 and a 200-day simple moving average of $161.03. The company has a market cap of $83.99 billion, a price-to-earnings ratio of 740.52 and a beta of 1.72.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $179.76, for a total transaction of $1,258,320.00. Following the completion of the sale, the chief financial officer now owns 373,993 shares of the company's stock, valued at $67,228,981.68. The trade was a 1.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 115,432 shares of DoorDash stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the sale, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at $265,515. This trade represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 812,035 shares of company stock worth $142,357,630. Company insiders own 7.92% of the company's stock.

Analysts Set New Price Targets

DASH has been the topic of a number of research analyst reports. Mizuho upped their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Argus raised DoorDash from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Benchmark increased their price objective on DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Susquehanna increased their price target on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Finally, Bank of America increased their price target on DoorDash from $205.00 to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $205.45.

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.