Axa S.A. Sells 45,370 Shares of DoorDash, Inc. (NASDAQ:DASH)

AXA S.A. decreased its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 58.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,742 shares of the company's stock after selling 45,370 shares during the quarter. AXA S.A.'s holdings in DoorDash were worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the fourth quarter worth $29,000. Denver PWM LLC acquired a new position in DoorDash in the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash in the fourth quarter worth about $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the fourth quarter worth about $36,000. Finally, IFP Advisors Inc raised its position in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 1,398 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company's stock, valued at $3,006,584.10. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the transaction, the chief financial officer now owns 337,430 shares of the company's stock, valued at $63,173,644.60. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,573 shares of company stock valued at $30,407,073 over the last 90 days. 7.92% of the stock is owned by corporate insiders.

DoorDash Stock Up 3.6%

Shares of DASH traded up $6.58 during midday trading on Monday, reaching $190.10. 1,243,189 shares of the stock were exchanged, compared to its average volume of 5,323,608. The stock's 50 day simple moving average is $184.61 and its 200 day simple moving average is $181.03. The company has a market cap of $79.86 billion, a P/E ratio of 704.06 and a beta of 1.68. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.24.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. DoorDash's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share. As a group, analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

DASH has been the topic of several research analyst reports. Evercore ISI restated an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a research note on Monday, April 28th. Roth Capital set a $191.00 price target on DoorDash and gave the company a "neutral" rating in a research note on Wednesday. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.97.

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.