Andra AP fonden Sells 6,600 Shares of DoorDash, Inc. $DASH

Andra AP fonden lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASHFree Report) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,400 shares of the company’s stock after selling 6,600 shares during the period. Andra AP fonden’s holdings in DoorDash were worth $39,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DASH. Physician Wealth Advisors Inc. grew its stake in DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after acquiring an additional 138 shares during the period. Rossby Financial LCC boosted its position in shares of DoorDash by 127.8% during the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company’s stock worth $44,000 after acquiring an additional 92 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in DoorDash by 74.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after acquiring an additional 75 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in DoorDash during the third quarter valued at approximately $50,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DASH shares. Cantor Fitzgerald reduced their target price on DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Sanford C. Bernstein dropped their price objective on DoorDash from $285.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Jefferies Financial Group raised their price objective on DoorDash from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Morgan Stanley reissued an “overweight” rating and set a $275.00 target price on shares of DoorDash in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group set a $267.00 target price on shares of DoorDash in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.74.

Get Our Latest Stock Analysis on DoorDash

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the transaction, the chief financial officer directly owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 16,667 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at $345,000. The trade was a 91.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 291,236 shares of company stock valued at $63,380,925. 5.83% of the stock is owned by corporate insiders.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

DoorDash Stock Up 4.2%

DoorDash stock opened at $180.41 on Friday. The firm has a market cap of $77.76 billion, a price-to-earnings ratio of 85.10 and a beta of 1.77. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50 day moving average price of $203.18 and a two-hundred day moving average price of $228.77.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. Equities analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

DoorDash Company Profile

(Free Report)

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.

Featured Stories

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:DASHFree Report).

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.