Forsta AP Fonden Has $18.40 Million Holdings in DoorDash, Inc. $DASH

Forsta AP Fonden increased its holdings in DoorDash, Inc. (NASDAQ:DASH) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,260 shares of the company’s stock after acquiring an additional 4,060 shares during the period. Forsta AP Fonden’s holdings in DoorDash were worth $18,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of DoorDash in the 4th quarter worth about $1,093,650,000. Eurizon Capital SGR S.p.A. purchased a new stake in DoorDash in the 4th quarter valued at about $86,983,000. Fideuram Asset Management Ireland dac purchased a new stake in DoorDash in the 4th quarter valued at about $96,000. National Pension Service increased its stake in DoorDash by 8.9% in the 4th quarter. National Pension Service now owns 756,003 shares of the company’s stock valued at $171,220,000 after buying an additional 61,892 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in DoorDash in the 4th quarter valued at about $266,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Trending Headlines about DoorDash

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

Analysts Set New Price Targets

Several research firms have commented on DASH. DA Davidson decreased their price objective on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating and issued a $275.00 price objective on shares of DoorDash in a research note on Thursday, February 19th. BTIG Research reiterated a “buy” rating and issued a $280.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Finally, Truist Financial decreased their price objective on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.58.

Insider Buying and Selling

In related news, insider Keith Yandell sold 2,643 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at approximately $12,599,006.04. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a 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, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the transaction, the director directly owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,808 shares of company stock worth $11,135,403 in the last 90 days. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Up 1.7%

DASH opened at $159.29 on Friday. The company has a 50 day moving average of $162.21 and a 200 day moving average of $187.31. The company has a market cap of $69.41 billion, a PE ratio of 75.85 and a beta of 1.87. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. 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 (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. DoorDash’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. On average, sell-side analysts expect 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.