Andra AP fonden Increases Stake in DoorDash, Inc. $DASH

Andra AP fonden raised its position in DoorDash, Inc. (NASDAQ:DASH) by 43.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 152,000 shares of the company’s stock after acquiring an additional 45,900 shares during the period. Andra AP fonden’s holdings in DoorDash were worth $37,470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Saudi Central Bank acquired a new stake in DoorDash in the first quarter valued at about $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash in the 1st quarter valued at approximately $27,000. GFG Capital LLC purchased a new stake in shares of DoorDash in the second quarter valued at approximately $30,000. Finally, Harbour Investments Inc. boosted its stake in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after buying an additional 70 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Price Performance

DoorDash stock opened at $238.00 on Thursday. The stock has a market capitalization of $101.67 billion, a P/E ratio of 132.22 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The firm’s 50-day moving average is $260.58 and its two-hundred day moving average is $237.30.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. Equities analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 291,403 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the sale, the chief executive officer owned 229,047 shares in the company, valued at $54,556,704.93. This trade represents a 55.99% 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, COO Prabir Adarkar sold 41,881 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $245.82, for a total value of $10,295,187.42. Following the completion of the transaction, the chief operating officer owned 914,547 shares of the company’s stock, valued at $224,813,943.54. The trade was a 4.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 876,464 shares of company stock valued at $218,114,855 in the last quarter. 5.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DASH shares. Morgan Stanley increased their price objective on DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Jefferies Financial Group increased their price target on shares of DoorDash from $265.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 17th. KeyCorp reissued an “overweight” rating and set a $325.00 price objective (up previously from $295.00) on shares of DoorDash in a report on Thursday, August 7th. Wall Street Zen lowered shares of DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Wells Fargo & Company reduced their price target on shares of DoorDash from $306.00 to $301.00 and set an “equal weight” rating for the company in a research report on Friday, October 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $292.03.

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.