DoorDash, Inc. $DASH Shares Sold by Swedbank AB

Swedbank AB lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 201,130 shares of the company’s stock after selling 7,438 shares during the quarter. Swedbank AB’s holdings in DoorDash were worth $45,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in DoorDash by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock worth $9,835,229,000 after buying an additional 713,571 shares during the period. State Street Corp increased its holdings in DoorDash by 6.3% in the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock worth $4,160,529,000 after buying an additional 909,125 shares during the period. Capital World Investors increased its holdings in DoorDash by 0.9% in the 3rd quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock worth $2,955,424,000 after buying an additional 95,278 shares during the period. Invesco Ltd. increased its holdings in DoorDash by 18.2% in the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after buying an additional 980,148 shares during the period. Finally, Northern Trust Corp increased its holdings in DoorDash by 3.0% in the 3rd quarter. Northern Trust Corp now owns 3,348,168 shares of the company’s stock worth $910,668,000 after buying an additional 96,012 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity

In related news, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction on Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the sale, the chief operating officer owned 843,678 shares of the company’s stock, valued at approximately $158,898,314.52. This trade represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction on Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares in the company, valued at $5,475,263.22. This represents a 3.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 42,683 shares of company stock valued at $6,908,813 in the last three months. 5.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DASH. Susquehanna cut their price target on shares of DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a report on Friday, May 8th. BTIG Research reiterated a “buy” rating and issued a $280.00 price target on shares of DoorDash in a report on Thursday, May 7th. Barclays cut their price target on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, February 19th. Guggenheim cut their price target on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, Mizuho cut their target price on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.58.

DoorDash Price Performance

NASDAQ:DASH opened at $160.25 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $69.82 billion, a price-to-earnings ratio of 76.31 and a beta of 1.87. The company has a 50 day moving average price of $162.96 and a 200-day moving average price of $189.27. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. Equities research analysts forecast that DoorDash, Inc. will post 2.45 EPS for the current year.

DoorDash Profile

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.