BI Asset Management Fondsmaeglerselskab A S Raises Stock Position in DoorDash, Inc. (NASDAQ:DASH)

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 35.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,838 shares of the company’s stock after buying an additional 2,030 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in DoorDash were worth $775,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in DoorDash during the 4th quarter worth about $264,806,000. Assenagon Asset Management S.A. boosted its position in shares of DoorDash by 1,725.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock worth $110,082,000 after buying an additional 1,052,198 shares during the period. Los Angeles Capital Management LLC lifted its holdings in DoorDash by 40,319.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,039,592 shares of the company’s stock worth $102,805,000 after buying an additional 1,037,020 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of DoorDash by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock valued at $2,149,149,000 after buying an additional 781,861 shares during the period. Finally, Baillie Gifford & Co. grew its stake in shares of DoorDash by 6.4% during the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after purchasing an additional 772,977 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Andy Fang sold 67,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $139.09, for a total value of $9,319,030.00. Following the completion of the transaction, the director now owns 36,482 shares of the company’s stock, valued at approximately $5,074,281.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now owns 92,207 shares of the company’s stock, valued at $11,479,771.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andy Fang sold 67,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $139.09, for a total value of $9,319,030.00. Following the completion of the sale, the director now directly owns 36,482 shares in the company, valued at approximately $5,074,281.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 415,698 shares of company stock valued at $56,026,819. 7.92% of the stock is currently owned by corporate insiders.

DoorDash Stock Performance

NASDAQ DASH opened at $111.63 on Thursday. DoorDash, Inc. has a fifty-two week low of $62.83 and a fifty-two week high of $143.34. The company has a market cap of $45.65 billion, a P/E ratio of -103.36, a P/E/G ratio of 43.29 and a beta of 1.78. The business’s 50 day moving average price is $128.39 and its 200-day moving average price is $113.91.

DoorDash (NASDAQ:DASHGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.41) EPS. As a group, equities analysts predict that DoorDash, Inc. will post 0.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DASH shares. JMP Securities reduced their target price on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a report on Thursday, May 2nd. Roth Mkm dropped their price target on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Wells Fargo & Company lifted their price target on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Moffett Nathanson upgraded DoorDash from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Finally, Benchmark dropped their price target on DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.28.

Check Out Our Latest Analysis on DASH

About DoorDash

(Free Report)

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.

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Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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