Achmea Investment Management B.V. Cuts Position in DoorDash, Inc. (NASDAQ:DASH)

Achmea Investment Management B.V. trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,016 shares of the company’s stock after selling 334 shares during the period. Achmea Investment Management B.V.’s holdings in DoorDash were worth $6,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DASH. Swedbank AB lifted its stake in DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after acquiring an additional 5,539 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of DoorDash by 48.8% during the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after purchasing an additional 3,498 shares in the last quarter. LVW Advisors LLC acquired a new stake in shares of DoorDash during the fourth quarter worth about $236,000. Nordea Investment Management AB boosted its stake in shares of DoorDash by 37.5% in the fourth quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after purchasing an additional 476,360 shares during the period. Finally, Retireful LLC grew its holdings in shares of DoorDash by 121.4% in the fourth quarter. Retireful LLC now owns 9,621 shares of the company’s stock valued at $1,614,000 after purchasing an additional 5,275 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Down 5.0 %

Shares of DASH stock opened at $178.29 on Friday. The stock’s 50-day moving average price is $187.66 and its 200 day moving average price is $166.78. The stock has a market capitalization of $74.90 billion, a PE ratio of 660.33 and a beta of 1.70. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the sale, the director now owns 16,176 shares of the company’s stock, valued at $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 522,062 shares of company stock worth $92,218,440. 7.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DASH shares. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Piper Sandler restated a “neutral” rating and set a $210.00 price target (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Roth Mkm lifted their price objective on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. 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 report on Wednesday, February 12th. Finally, Mizuho raised their target price on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

About DoorDash

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.