Mn Services Vermogensbeheer B.V. Acquires 4,000 Shares of DoorDash, Inc. (NASDAQ:DASH)

Mn Services Vermogensbeheer B.V. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,500 shares of the company’s stock after buying an additional 4,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in DoorDash were worth $17,362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Janus Henderson Group PLC lifted its position in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of DoorDash by 5,396.1% during the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after purchasing an additional 651,525 shares during the period. Franklin Resources Inc. grew its holdings in shares of DoorDash by 15.2% in the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of DoorDash by 37.5% in the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock worth $294,701,000 after purchasing an additional 476,360 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DASH has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Wedbush upped their price objective on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Barclays raised their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Cantor Fitzgerald boosted their price target on DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Citigroup increased their price objective on DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Trading Down 1.4 %

Shares of NASDAQ:DASH opened at $195.84 on Friday. The stock has a fifty day simple moving average of $184.40 and a two-hundred day simple moving average of $162.77. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.24. The stock has a market capitalization of $82.27 billion, a price-to-earnings ratio of 725.33 and a beta of 1.72.

Insider Activity

In related news, Director Andy Fang sold 1,398 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This represents a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stanley Tang sold 50,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $176.88, for a total value of $8,844,000.00. Following the sale, the director now owns 35,413 shares in the company, valued at approximately $6,263,851.44. This represents a 58.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 753,662 shares of company stock worth $133,190,353 over the last three months. 7.92% of the stock is currently owned by corporate insiders.

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.