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

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

Other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its position in DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the period. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the fourth quarter valued at about $29,000. Denver PWM LLC acquired a new stake in DoorDash in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the fourth quarter valued at about $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in DoorDash in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Down 1.4 %

Shares of DASH opened at $195.84 on Friday. The firm has a market cap of $82.27 billion, a PE ratio of 725.33 and a beta of 1.72. The company’s fifty day moving average is $184.40 and its two-hundred day moving average is $162.77. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.24.

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 115,432 shares of DoorDash stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $265,515. The trade was a 98.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stanley Tang sold 50,000 shares of DoorDash stock in a transaction on 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 directly owns 35,413 shares in the company, 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 have sold a total of 753,662 shares of company stock worth $133,190,353 in the last quarter. 7.92% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DASH. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Susquehanna increased their target price on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. Piper Sandler reaffirmed a “neutral” rating and issued a $210.00 target price (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Royal Bank of Canada increased their target price on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, DA Davidson increased their target price on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $206.52.

DoorDash 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.