DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Swedbank AB

Swedbank AB grew its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,055 shares of the company's stock after buying an additional 5,539 shares during the quarter. Swedbank AB's holdings in DoorDash were worth $28,694,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. lifted its position in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock worth $25,000 after purchasing an additional 130 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in DoorDash during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after buying an additional 69 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of DoorDash in the third quarter worth $54,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of DoorDash during the fourth quarter worth $69,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

DASH stock traded up $1.93 during midday trading on Monday, hitting $190.76. The stock had a trading volume of 2,053,554 shares, compared to its average volume of 2,504,120. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $192.78. The firm has a market cap of $79.24 billion, a PE ratio of -425.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.72. The company's 50-day moving average price is $175.29 and its 200 day moving average price is $151.59.

Insider Activity at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares of the company's stock, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the sale, the director now directly owns 16,176 shares of the company's stock, valued at $2,722,744.32. This represents a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on DASH. Morgan Stanley increased their price target on DoorDash from $160.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Wells Fargo & Company lifted their price target on shares of DoorDash from $150.00 to $166.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. Citigroup lifted their price objective on shares of DoorDash from $155.00 to $211.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. BMO Capital Markets increased their target price on DoorDash from $140.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price target on DoorDash from $155.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $179.39.

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.