Generali Asset Management SPA SGR Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Generali Asset Management SPA SGR bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 621 shares of the company’s stock, valued at approximately $104,000.

Other hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new stake in DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc raised its holdings in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Piper Sandler reiterated a “neutral” rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Mizuho lifted their price objective on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company raised their target price on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,525. The trade was a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 363,730 shares of company stock valued at $63,922,178. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Stock Performance

DASH opened at $190.62 on Friday. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The company has a market capitalization of $80.08 billion, a P/E ratio of 706.00 and a beta of 1.70. The stock has a fifty day moving average of $189.72 and a 200-day moving average of $169.39.

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.