Livforsakringsbolaget Skandia Omsesidigt Purchases 364 Shares of DoorDash, Inc. (NASDAQ:DASH)

Livforsakringsbolaget Skandia Omsesidigt increased its position in DoorDash, Inc. (NASDAQ:DASH) by 182.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 564 shares of the company’s stock after purchasing an additional 364 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in DoorDash were worth $56,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in DoorDash by 448.8% in the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after acquiring an additional 359 shares during the period. Valley National Advisers Inc. bought a new position in DoorDash in the 4th quarter valued at about $43,000. SJS Investment Consulting Inc. raised its holdings in DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares during the period. Covestor Ltd raised its holdings in DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after acquiring an additional 253 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in DoorDash by 3,072.2% in the 4th quarter. Global Retirement Partners LLC now owns 571 shares of the company’s stock valued at $59,000 after acquiring an additional 553 shares during the period. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $133.00 price target on shares of DoorDash in a report on Tuesday, February 6th. Susquehanna raised their target price on shares of DoorDash from $110.00 to $135.00 and gave the stock a “positive” rating in a report on Tuesday, February 20th. Morgan Stanley raised shares of DoorDash from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $145.00 in a report on Thursday, February 22nd. Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $127.00 in a report on Friday, March 15th. Finally, Wedbush raised their target price on shares of DoorDash from $92.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.52.

DoorDash Stock Performance

Shares of DoorDash stock opened at $127.18 on Friday. DoorDash, Inc. has a fifty-two week low of $56.59 and a fifty-two week high of $143.34. The company’s 50 day moving average price is $130.37 and its two-hundred day moving average price is $106.75.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the business earned ($0.63) EPS. The business’s quarterly revenue was up 26.7% on a year-over-year basis. On average, research analysts anticipate that DoorDash, Inc. will post 0.21 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total value of $548,650.00. Following the sale, the chief financial officer now owns 414,738 shares in the company, valued at $45,509,200.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total transaction of $548,650.00. Following the transaction, the chief financial officer now owns 414,738 shares in the company, valued at $45,509,200.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Keith Yandell sold 3,500 shares of DoorDash stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total transaction of $367,115.00. Following the transaction, the insider now owns 179,350 shares in the company, valued at approximately $18,812,021.50. The disclosure for this sale can be found here. Insiders have sold 497,282 shares of company stock worth $64,885,042 over the last quarter. Corporate insiders own 9.59% of the company’s stock.

DoorDash 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.