Lansforsakringar Fondforvaltning AB publ Sells 3,765 Shares of DoorDash, Inc. $DASH

Lansforsakringar Fondforvaltning AB publ decreased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,402 shares of the company’s stock after selling 3,765 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in DoorDash were worth $17,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DASH. Eastern Bank boosted its position in DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. MV Capital Management Inc. bought a new position in shares of DoorDash in the 4th quarter worth approximately $26,000. Swiss RE Ltd. bought a new position in shares of DoorDash in the 4th quarter worth approximately $28,000. ST Germain D J Co. Inc. purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total transaction of $410,563.62. Following the transaction, the insider owned 81,106 shares in the company, valued at approximately $12,599,006.04. This represents a 3.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $160.79, for a total transaction of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares in the company, valued at approximately $20,615,850.64. The trade was a 2.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 64,140 shares of company stock worth $10,327,989 in the last quarter. Insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

DASH stock opened at $184.53 on Wednesday. The stock’s 50 day simple moving average is $165.62 and its 200 day simple moving average is $180.97. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The stock has a market capitalization of $80.40 billion, a PE ratio of 87.87 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. As a group, research analysts forecast that DoorDash, Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DASH shares. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. UBS Group raised their price objective on DoorDash from $206.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Stifel Nicolaus dropped their target price on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Mizuho reduced their target price on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Finally, Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.11.

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.