DoorDash, Inc. $DASH Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,000 shares of the company’s stock after purchasing an additional 5,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DoorDash were worth $14,495,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Eastern Bank lifted its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Sunbelt Securities Inc. increased its position in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in DoorDash during the fourth quarter worth $29,000. Morse Asset Management Inc acquired a new position in shares of DoorDash in the third quarter worth $36,000. Finally, Rossby Financial LCC raised its holdings in shares of DoorDash by 127.8% in the third quarter. Rossby Financial LCC now owns 164 shares of the company’s stock worth $44,000 after acquiring an additional 92 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Down 2.0%

Shares of DASH stock opened at $156.80 on Friday. The firm’s 50-day simple moving average is $162.40 and its 200-day simple moving average is $185.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The firm has a market cap of $68.32 billion, a P/E ratio of 74.67 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 33.1% on a year-over-year basis. As a group, equities analysts forecast that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Buying and Selling

In related news, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the sale, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. The trade was a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 69,808 shares of company stock worth $11,135,403. Corporate insiders own 5.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer decreased their price objective on DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. DA Davidson cut their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and issued a $275.00 target price on shares of DoorDash in a report on Thursday, February 19th. Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group set a $280.00 price target on shares of DoorDash in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $259.58.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.