Forsta AP Fonden raised its position in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 81,260 shares of the company’s stock after buying an additional 4,060 shares during the quarter. Forsta AP Fonden’s holdings in DoorDash were worth $18,404,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its holdings in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Eastern Bank boosted its holdings in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. ST Germain D J Co. Inc. bought a new position in DoorDash in the 4th quarter valued at $29,000. Sunbelt Securities Inc. boosted its holdings in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the period. Finally, Morse Asset Management Inc bought a new position in DoorDash in the 3rd quarter valued at $36,000. 90.64% of the stock is owned by institutional investors.
DoorDash Stock Performance
NASDAQ DASH opened at $159.29 on Friday. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $69.41 billion, a P/E ratio of 75.85 and a beta of 1.87. The company has a fifty day moving average of $162.21 and a 200-day moving average of $187.31.
Analysts Set New Price Targets
A number of equities analysts have commented on DASH shares. Wells Fargo & Company boosted their price target on shares of DoorDash from $198.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. UBS Group lifted their price objective on shares of DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Truist Financial dropped their price objective on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Citizens Jmp dropped their price objective on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a report on Friday, February 20th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $200.00 price objective on shares of DoorDash in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $259.58.
Read Our Latest Stock Analysis on DASH
Key DoorDash News
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash announced a partnership with Dollar Tree that will bring on-demand delivery to Dollar Tree’s full U.S. store footprint, opening access to more than 9,000 stores and over 10,000 products. Investors may view this as a meaningful expansion beyond restaurant delivery and a potential driver of order growth. DoorDash and Dollar Tree Partner to Bring Greater Value and Thrill of the Hunt Discovery On-Demand
- Positive Sentiment: Jim Cramer said he thinks DoorDash “is a buy,” adding another bullish media mention that can help sentiment around the stock. Jim Cramer Says He Thinks “DoorDash Is a Buy”
- Neutral Sentiment: Commentary about the food-delivery industry said the competitive battle is entering a more aggressive phase. That could support DoorDash’s scale advantages, but it also suggests continued pressure to defend market share and margins. The Food Delivery War Just Entered Its Final Phase
- Negative Sentiment: Several insider sales were disclosed, including trades by COO Prabir Adarkar, General Counsel Tia Sherringham, and insider Keith Yandell. The sales were made under pre-arranged 10b5-1 plans, but insider selling can still make some investors cautious. Prabir Adarkar insider trade
Insiders Place Their Bets
In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares of the company’s stock, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the sale, the director directly owned 19,279 shares of the company’s stock, valued at $2,891,850. This represents a 52.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,808 shares of company stock valued at $11,135,403 over the last three months. 5.83% of the stock is currently owned by company insiders.
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.
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Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH – Free Report).
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