Mn Services Vermogensbeheer B.V. Decreases Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Mn Services Vermogensbeheer B.V. trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 8.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,700 shares of the company's stock after selling 8,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in DoorDash were worth $17,308,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Yousif Capital Management LLC grew its stake in DoorDash by 2.7% during the 4th quarter. Yousif Capital Management LLC now owns 4,484 shares of the company's stock worth $752,000 after purchasing an additional 118 shares in the last quarter. Empowered Funds LLC grew its stake in DoorDash by 7.9% during the 4th quarter. Empowered Funds LLC now owns 7,845 shares of the company's stock worth $1,316,000 after purchasing an additional 572 shares in the last quarter. Savant Capital LLC increased its holdings in DoorDash by 65.1% during the 4th quarter. Savant Capital LLC now owns 4,686 shares of the company's stock worth $786,000 after purchasing an additional 1,848 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in DoorDash in the 4th quarter valued at about $238,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In related news, General Counsel Tia Sherringham sold 7,546 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $204.56, for a total transaction of $1,543,609.76. Following the completion of the sale, the general counsel now directly owns 129,514 shares of the company's stock, valued at approximately $26,493,383.84. This represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 14,715 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $196.52, for a total value of $2,891,791.80. Following the completion of the sale, the chief financial officer now owns 338,055 shares of the company's stock, valued at approximately $66,434,568.60. This represents a 4.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 298,030 shares of company stock worth $59,433,406. 5.83% of the stock is currently owned by company insiders.

DoorDash Stock Down 1.1%

Shares of DASH stock traded down $2.34 during mid-day trading on Tuesday, hitting $219.39. 3,155,376 shares of the company's stock were exchanged, compared to its average volume of 4,214,419. The stock has a market cap of $92.96 billion, a price-to-earnings ratio of 287.96 and a beta of 1.67. The stock has a 50-day simple moving average of $197.63 and a two-hundred day simple moving average of $188.20. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $223.29.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Evercore ISI restated an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. Morgan Stanley cut their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wall Street Zen raised DoorDash from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. JPMorgan Chase & Co. decreased their price objective on DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group lowered their price objective on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $210.21.

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.