DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Andra AP fonden

Andra AP fonden decreased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 34.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the company’s stock after selling 53,700 shares during the quarter. Andra AP fonden’s holdings in DoorDash were worth $16,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares in the last quarter. Pittenger & Anderson Inc. purchased a new position in DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC purchased a new position in DoorDash during the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash during the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC purchased a new position in DoorDash during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at $268,110. This represents a 98.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $176.66, for a total value of $8,833,000.00. Following the sale, the director now owns 16,176 shares in the company, valued at approximately $2,857,652.16. This trade represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 572,062 shares of company stock worth $101,051,440 in the last quarter. 7.92% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DASH. Loop Capital lifted their price target on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Morgan Stanley boosted their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. KeyCorp boosted their price target on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Oppenheimer boosted their price target on DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their price objective on DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $178.08 on Friday. The stock’s 50-day moving average is $186.60 and its two-hundred day moving average is $165.04. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The company has a market cap of $74.81 billion, a price-to-earnings ratio of 659.56 and a beta of 1.70.

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.