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

Werba Rubin Papier Wealth Management acquired a new position in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,462 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in DoorDash by 13.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,897 shares of the company’s stock valued at $318,000 after buying an additional 232 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at about $643,000. Atria Wealth Solutions Inc. grew its position in shares of DoorDash by 1,833.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 32,068 shares of the company’s stock valued at $5,379,000 after purchasing an additional 30,409 shares during the period. Venturi Wealth Management LLC boosted its position in DoorDash by 47.2% during the fourth quarter. Venturi Wealth Management LLC now owns 624 shares of the company’s stock worth $105,000 after acquiring an additional 200 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its position in DoorDash by 13.9% during the fourth quarter. Empower Advisory Group LLC now owns 65,461 shares of the company’s stock worth $10,981,000 after acquiring an additional 7,975 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, insider Keith Yandell sold 5,509 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.24, for a total transaction of $970,906.16. Following the completion of the transaction, the insider now owns 118,712 shares in the company, valued at approximately $20,921,802.88. This represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,334 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at $270,105. The trade was a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 817,544 shares of company stock valued at $143,328,536 over the last ninety days. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH opened at $211.97 on Wednesday. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25. The business’s 50-day simple moving average is $180.80 and its 200 day simple moving average is $159.55. The stock has a market cap of $88.05 billion, a price-to-earnings ratio of 785.07 and a beta of 1.72.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. KeyCorp boosted their price target on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Oppenheimer lifted their target price on shares of DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Evercore ISI lifted their target price on shares of DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, Citigroup boosted their price target on shares of DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.