DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Forsta AP Fonden

Forsta AP Fonden increased its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 22.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,200 shares of the company's stock after purchasing an additional 14,700 shares during the quarter. Forsta AP Fonden's holdings in DoorDash were worth $13,286,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its stake in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company's stock valued at $154,486,000 after purchasing an additional 739,961 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock worth $789,766,000 after purchasing an additional 700,465 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of DoorDash by 5,396.1% in the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company's stock worth $94,716,000 after buying an additional 651,525 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock valued at $570,135,000 after buying an additional 501,905 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on DASH shares. DA Davidson raised their target price on shares of DoorDash from $119.00 to $150.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. UBS Group boosted their price objective on DoorDash from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. The Goldman Sachs Group increased their target price on DoorDash from $161.00 to $192.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Citigroup boosted their price target on DoorDash from $155.00 to $211.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Susquehanna increased their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a "positive" rating in a report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $178.18.

DoorDash Stock Performance

DoorDash stock traded up $1.89 during mid-day trading on Thursday, reaching $187.67. 663,026 shares of the company were exchanged, compared to its average volume of 2,476,297. The firm has a market cap of $77.96 billion, a P/E ratio of -417.27, a PEG ratio of 1.85 and a beta of 1.71. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $189.23. The business has a fifty day moving average of $174.76 and a 200 day moving average of $150.11.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm's revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) earnings per share. Sell-side analysts predict that DoorDash, Inc. will post 0.29 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 14,219 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,416,945.62. Following the transaction, the chief financial officer now directly owns 380,993 shares of the company's stock, valued at approximately $64,761,190.14. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock worth $181,434,201 over the last three months. Corporate insiders own 7.92% of the company's stock.

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.