BI Asset Management Fondsmaeglerselskab A S Purchases 7,818 Shares of DoorDash, Inc. $DASH

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 18.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,221 shares of the company’s stock after buying an additional 7,818 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in DoorDash were worth $11,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in DoorDash by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock worth $9,835,229,000 after acquiring an additional 713,571 shares during the period. State Street Corp increased its stake in shares of DoorDash by 6.3% in the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock valued at $4,160,529,000 after purchasing an additional 909,125 shares during the last quarter. Capital World Investors increased its stake in shares of DoorDash by 0.9% in the 3rd quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock valued at $2,955,424,000 after purchasing an additional 95,278 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of DoorDash by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 8,867,615 shares of the company’s stock valued at $2,000,371,000 after purchasing an additional 252,471 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of DoorDash by 18.2% in the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock valued at $1,728,667,000 after purchasing an additional 980,148 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DASH shares. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Piper Sandler decreased their price target on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Citigroup decreased their price target on DoorDash from $280.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Mizuho lowered their target price on 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 assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.58.

DoorDash Trading Down 2.0%

NASDAQ DASH opened at $156.80 on Friday. The business’s 50-day moving average price is $162.40 and its two-hundred day moving average price is $185.84. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The firm has a market capitalization of $68.32 billion, a PE ratio of 74.67 and a beta of 1.83. 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 results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue was up 33.1% on a year-over-year basis. On average, analysts expect that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Tia Sherringham sold 2,743 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $160.79, for a total value of $441,046.97. Following the transaction, the general counsel directly owned 128,216 shares of the company’s stock, valued at $20,615,850.64. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director directly owned 19,279 shares in the company, valued at $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 69,808 shares of company stock worth $11,135,403 over the last three months. Insiders own 5.83% of the company’s stock.

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.