DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 800,800 shares of the company’s stock after selling 11,900 shares during the period. Swiss National Bank’s holdings in DoorDash were worth $79,191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in DoorDash by 1,725.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock worth $110,082,000 after buying an additional 1,052,198 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of DoorDash by 3.0% in the third quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock worth $2,149,149,000 after acquiring an additional 781,861 shares during the period. Baillie Gifford & Co. increased its stake in shares of DoorDash by 6.4% in the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after acquiring an additional 772,977 shares during the period. Invesco Ltd. increased its stake in shares of DoorDash by 169.4% in the third quarter. Invesco Ltd. now owns 999,612 shares of the company’s stock worth $79,439,000 after acquiring an additional 628,561 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of DoorDash in the third quarter worth $48,965,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of a number of recent analyst reports. Jefferies Financial Group raised shares of DoorDash from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $130.00 in a report on Monday, January 8th. Roth Mkm lowered their price target on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday. The Goldman Sachs Group increased their price objective on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Finally, Susquehanna increased their price objective on shares of DoorDash from $110.00 to $135.00 and gave the company a “positive” rating in a report on Tuesday, February 20th. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.96.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 67,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the completion of the sale, the director now directly owns 40,969 shares in the company, valued at $4,529,942.33. The disclosure for this sale can be found here. Insiders have sold 487,782 shares of company stock valued at $64,046,807 in the last ninety days. Insiders own 9.59% of the company’s stock.

DoorDash Trading Down 0.4 %

DoorDash stock opened at $113.81 on Friday. DoorDash, Inc. has a 52 week low of $60.36 and a 52 week high of $143.34. The firm’s 50-day simple moving average is $131.86 and its 200 day simple moving average is $110.13.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the company earned ($0.41) EPS. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, sell-side analysts predict that DoorDash, Inc. will post 0.17 EPS for the current fiscal 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.