DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in DoorDash, Inc. (NASDAQ:DASH) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,100 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DoorDash were worth $11,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DASH. Howard Capital Management Inc. lifted its holdings in DoorDash by 5.1% in the 4th quarter. Howard Capital Management Inc. now owns 1,841 shares of the company’s stock worth $309,000 after buying an additional 90 shares in the last quarter. Denver PWM LLC purchased a new stake in shares of DoorDash during the fourth quarter worth about $30,000. ING Groep NV lifted its stake in shares of DoorDash by 312.1% in the fourth quarter. ING Groep NV now owns 7,633 shares of the company’s stock worth $1,280,000 after acquiring an additional 5,781 shares in the last quarter. Ieq Capital LLC boosted its holdings in DoorDash by 8.0% in the fourth quarter. Ieq Capital LLC now owns 178,245 shares of the company’s stock valued at $29,901,000 after purchasing an additional 13,188 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management acquired a new stake in DoorDash during the 4th quarter valued at approximately $245,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 108,334 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $270,105. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 812,035 shares of company stock valued at $142,357,630 in the last three months. 7.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DASH. JPMorgan Chase & Co. upped their target price on DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 price target (up from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. Bank of America increased their price objective on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Needham & Company LLC boosted their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley increased their price target on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.45.

DoorDash Trading Down 1.1 %

Shares of NASDAQ:DASH opened at $199.94 on Monday. The firm’s 50 day moving average is $182.56 and its two-hundred day moving average is $161.31. The firm has a market capitalization of $83.99 billion, a P/E ratio of 740.52 and a beta of 1.72. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.24.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.