Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Holdings in DoorDash, Inc. $DASH

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in DoorDash, Inc. (NASDAQ:DASH) by 9.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 64,000 shares of the company’s stock after buying an additional 5,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DoorDash were worth $14,495,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Keel Point LLC lifted its stake in shares of DoorDash by 4.3% in the 3rd quarter. Keel Point LLC now owns 1,393 shares of the company’s stock worth $379,000 after acquiring an additional 58 shares during the period. Petra Financial Advisors Inc. increased its stake in shares of DoorDash by 2.2% during the third quarter. Petra Financial Advisors Inc. now owns 2,764 shares of the company’s stock worth $752,000 after acquiring an additional 59 shares during the period. CYBER HORNET ETFs LLC increased its stake in shares of DoorDash by 6.5% during the fourth quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after acquiring an additional 60 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in DoorDash by 8.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 843 shares of the company’s stock worth $229,000 after purchasing an additional 63 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in DoorDash by 1.8% during the fourth quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

DASH stock opened at $156.80 on Friday. The firm has a 50 day moving average of $162.40 and a 200-day moving average of $185.84. 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. The company has a market cap of $68.32 billion, a price-to-earnings ratio of 74.67 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last released 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 return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The company’s revenue was up 33.1% compared to the same quarter last year. As a group, equities analysts expect that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

Insider Activity

In other news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, the director owned 31,002 shares in the company, valued at $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Tia Sherringham sold 2,743 shares of DoorDash stock in a transaction on 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. This trade represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,808 shares of company stock valued at $11,135,403 in the last 90 days. Insiders own 5.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DASH. Guggenheim lowered their price objective on DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. UBS Group increased their target price on DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays reduced their price target on DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, February 19th. Cantor Fitzgerald dropped their price objective on DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Wells Fargo & Company increased their price objective on DoorDash from $198.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $259.58.

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.