Andra AP fonden Has $24.27 Million Stock Position in DoorDash, Inc. $DASH

Andra AP fonden reduced its position in DoorDash, Inc. (NASDAQ:DASH) by 26.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 107,140 shares of the company’s stock after selling 38,260 shares during the period. Andra AP fonden’s holdings in DoorDash were worth $24,265,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in DoorDash by 1.7% during the fourth 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 last quarter. State Street Corp lifted its position in DoorDash by 6.3% during the third quarter. State Street Corp now owns 15,296,624 shares of the company’s stock worth $4,160,529,000 after acquiring an additional 909,125 shares during the last quarter. Capital World Investors lifted its position in DoorDash by 0.9% during the third quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock worth $2,955,424,000 after acquiring an additional 95,278 shares during the last quarter. Geode Capital Management LLC lifted its position in DoorDash by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 8,867,615 shares of the company’s stock worth $2,000,371,000 after acquiring an additional 252,471 shares during the last quarter. Finally, Invesco Ltd. lifted its position in DoorDash by 18.2% during the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after acquiring an additional 980,148 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash unveiled “Ask DoorDash,” a conversational AI search and ordering tool that lets users find meals and groceries with natural-language prompts instead of traditional keyword searches, which could improve engagement and conversion. DoorDash Debuts Conversational AI to Streamline Search
• Positive Sentiment: Several reports highlighted the same AI rollout, including features that let customers order food and groceries using prompts or photos, adding ingredients from recipe links, and even book restaurant reservations, reinforcing the view that DoorDash is expanding beyond basic delivery into an AI-powered commerce platform. DoorDash’s new AI chatbot lets you order with prompts and photos
• Neutral Sentiment: Commentary pieces on the stock suggested bullish investors still see DoorDash as attractive despite a premium valuation, but these articles were more opinion-based than market-moving fundamentals. Is DoorDash, Inc. (DASH) A Good Stock To Buy Now?
• Neutral Sentiment: Broader market coverage compared DoorDash with other internet stocks, but it did not add a clear new catalyst for the shares. How is DoorDash’s stock performance compared to other internet stocks?

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DASH shares. Susquehanna cut their price objective on shares of DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research report on Friday, May 8th. Oppenheimer cut their price objective on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. BTIG Research reaffirmed a “buy” rating and set a $280.00 target price on shares of DoorDash in a report on Thursday, May 7th. Benchmark raised their target price on shares of DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Rothschild & Co Redburn set a $350.00 target price on shares of DoorDash in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $257.64.

DoorDash Stock Up 2.4%

Shares of DASH opened at $154.59 on Friday. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The firm’s 50 day moving average is $162.74 and its 200-day moving average is $184.41. The stock has a market capitalization of $67.36 billion, a PE ratio of 73.61 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 announced its earnings results 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 for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’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 earnings per share. Equities research analysts forecast that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Activity

In related news, General Counsel Tia Sherringham sold 2,743 shares of DoorDash stock in a transaction that occurred on Friday, May 22nd. The shares were 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. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of DoorDash stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total transaction of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares in the company, valued at $12,599,006.04. This trade represents a 3.16% 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. Over the last ninety days, insiders sold 68,558 shares of company stock valued at $10,914,640. 5.83% of the stock is owned by insiders.

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.