DoorDash, Inc. $DASH Shares Bought by Andra AP fonden

Andra AP fonden raised its position in DoorDash, Inc. (NASDAQ:DASH) by 44.0% during the first quarter, HoldingsChannel reports. The firm owned 154,300 shares of the company’s stock after buying an additional 47,160 shares during the quarter. Andra AP fonden’s holdings in DoorDash were worth $23,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wilkerson Advisory Group LLC raised its holdings in shares of DoorDash by 1,303.8% in the 1st quarter. Wilkerson Advisory Group LLC now owns 744 shares of the company’s stock valued at $112,000 after purchasing an additional 691 shares in the last quarter. Summit Global Investments increased its holdings in DoorDash by 7.9% in the first quarter. Summit Global Investments now owns 2,295 shares of the company’s stock valued at $345,000 after buying an additional 168 shares during the last quarter. Amova Asset Management Americas Inc. increased its holdings in DoorDash by 6.7% in the first quarter. Amova Asset Management Americas Inc. now owns 252,253 shares of the company’s stock valued at $37,861,000 after buying an additional 15,929 shares during the last quarter. Florida Financial Advisors LLC raised its stake in DoorDash by 1.5% in the first quarter. Florida Financial Advisors LLC now owns 7,156 shares of the company’s stock valued at $1,074,000 after buying an additional 106 shares in the last quarter. Finally, Earned Wealth Advisors LLC raised its stake in DoorDash by 29.0% in the first quarter. Earned Wealth Advisors LLC now owns 2,380 shares of the company’s stock valued at $357,000 after buying an additional 535 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 19,095 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the completion of the sale, the chief financial officer owned 252,443 shares in the company, valued at approximately $47,469,381.72. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75. Following the transaction, the chief operating officer directly owned 959,076 shares in the company, valued at approximately $148,896,549. This represents a 2.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 74,927 shares of company stock valued at $13,241,532. Corporate insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of DASH opened at $189.02 on Tuesday. The company’s 50 day simple moving average is $170.39 and its 200-day simple moving average is $177.02. The firm has a market cap of $82.36 billion, a PE ratio of 90.01 and a beta of 1.78. 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 issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the business earned $0.44 EPS. DoorDash’s quarterly revenue was up 33.1% compared to the same quarter last year. As a group, equities analysts predict that DoorDash, Inc. will post 2.39 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. DA Davidson dropped their price objective on DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Argus set a $190.00 price objective on shares of DoorDash in a report on Thursday, June 11th. Stifel Nicolaus dropped their target price on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Piper Sandler decreased their price objective on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, KeyCorp dropped their price objective on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $252.89.

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.