Lansforsakringar Fondforvaltning AB publ Purchases Shares of 100,601 DoorDash, Inc. (NASDAQ:DASH)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,601 shares of the company's stock, valued at approximately $16,876,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Centaurus Financial Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $137,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $41,951,000. Employees Retirement System of Texas increased its position in shares of DoorDash by 22.0% during the fourth quarter. Employees Retirement System of Texas now owns 47,529 shares of the company's stock valued at $7,973,000 after acquiring an additional 8,577 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $813,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $2,952,000. Institutional investors own 90.64% of the company's stock.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 14,296 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $205.54, for a total transaction of $2,938,399.84. Following the transaction, the chief financial officer now directly owns 380,037 shares in the company, valued at approximately $78,112,804.98. This represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 62,267 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the completion of the sale, the chief operating officer now directly owns 942,554 shares of the company's stock, valued at approximately $191,027,419.18. This trade represents a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 222,736 shares of company stock worth $43,334,336 in the last three months. Insiders own 5.83% of the company's stock.

DoorDash Stock Up 0.8%

DASH stock traded up $1.56 during mid-day trading on Friday, hitting $206.14. The company had a trading volume of 4,853,384 shares, compared to its average volume of 4,198,377. The company has a market capitalization of $87.35 billion, a price-to-earnings ratio of 763.48 and a beta of 1.68. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The company has a 50-day moving average price of $189.04 and a 200 day moving average price of $185.05.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DASH shares. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Truist Financial lifted their target price on shares of DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $210.00 target price on shares of DoorDash in a research report on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of DoorDash from a "buy" rating to a "hold" rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and an average price target of $209.97.

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.