Achmea Investment Management B.V. Has $10.49 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Achmea Investment Management B.V. grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 40.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,404 shares of the company's stock after purchasing an additional 16,388 shares during the period. Achmea Investment Management B.V.'s holdings in DoorDash were worth $10,492,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. GeoWealth Management LLC boosted its stake in DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock worth $240,000 after acquiring an additional 51 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after buying an additional 54 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of DoorDash by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after buying an additional 86 shares in the last quarter. LVW Advisors LLC raised its holdings in shares of DoorDash by 6.1% during the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after acquiring an additional 86 shares in the last quarter. Finally, CVA Family Office LLC raised its position in shares of DoorDash by 12.7% during the 1st quarter. CVA Family Office LLC now owns 774 shares of the company's stock valued at $141,000 after buying an additional 87 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

Insider Transactions at DoorDash

In other news, Director Shona L. Brown sold 825 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $230.00, for a total value of $189,750.00. Following the sale, the director now directly owns 46,461 shares of the company's stock, valued at approximately $10,686,030. This represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 44,244 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $220.71, for a total value of $9,765,093.24. Following the completion of the sale, the chief executive officer now owns 520,450 shares in the company, valued at $114,868,519.50. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,552 shares of company stock worth $63,965,566 in the last 90 days. Corporate insiders own 5.83% of the company's stock.

DoorDash Stock Up 1.1%

DoorDash stock traded up $2.68 during midday trading on Friday, hitting $242.32. 7,323,728 shares of the stock were exchanged, compared to its average volume of 4,213,649. The company has a fifty day simple moving average of $206.04 and a two-hundred day simple moving average of $191.43. The stock has a market capitalization of $102.68 billion, a PE ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $242.63.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the previous year, the firm posted ($0.06) EPS. The firm's revenue was up 20.7% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group reduced their price target on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Wedbush reiterated an "outperform" rating on shares of DoorDash in a report on Wednesday, May 7th. DA Davidson raised their price objective on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Roth Capital set a $191.00 price target on shares of DoorDash and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company lowered their price target on DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $214.76.

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.