Livforsakringsbolaget Skandia Omsesidigt Buys 364 Shares of DoorDash, Inc. (NASDAQ:DASH)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 182.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 564 shares of the company’s stock after buying an additional 364 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in DoorDash were worth $56,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley increased its holdings in shares of DoorDash by 5.0% in the 4th quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock worth $1,419,988,000 after buying an additional 1,384,006 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 worth $2,149,149,000 after buying an additional 781,861 shares during the last quarter. BlackRock Inc. increased its holdings in shares of DoorDash by 4.1% in the 1st quarter. BlackRock Inc. now owns 13,058,004 shares of the company’s stock worth $829,967,000 after buying an additional 509,207 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after buying an additional 772,977 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of DoorDash by 12.2% in the 2nd quarter. State Street Corp now owns 5,511,796 shares of the company’s stock worth $421,211,000 after buying an additional 598,230 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Activity

In other news, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total transaction of $548,650.00. Following the sale, the chief financial officer now owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total transaction of $548,650.00. Following the sale, the chief financial officer now owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 497,282 shares of company stock valued at $64,885,042. Corporate insiders own 9.59% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and upped their price objective for the company from $118.00 to $164.00 in a research note on Thursday, April 11th. Morgan Stanley raised shares of DoorDash from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $135.00 to $145.00 in a research note on Thursday, February 22nd. Loop Capital initiated coverage on shares of DoorDash in a research note on Friday. They issued a “buy” rating and a $170.00 price objective for the company. Finally, Truist Financial upped their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.52.

DoorDash Stock Down 2.2 %

Shares of DASH opened at $127.18 on Friday. The firm’s 50-day moving average price is $130.37 and its 200-day moving average price is $106.75. DoorDash, Inc. has a 1-year low of $56.59 and a 1-year high of $143.34.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.63) EPS. Sell-side analysts anticipate that DoorDash, Inc. will post 0.21 earnings per share for the current year.

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.