Swiss National Bank Lowers Position in DoorDash, Inc. (NASDAQ:DASH)

Swiss National Bank trimmed its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,800 shares of the company's stock after selling 11,900 shares during the quarter. Swiss National Bank owned about 0.20% of DoorDash worth $79,191,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Fifth Third Bancorp increased its position in shares of DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company's stock valued at $35,000 after purchasing an additional 359 shares during the period. Parkside Financial Bank & Trust raised its position in DoorDash by 361.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company's stock worth $39,000 after acquiring an additional 307 shares in the last quarter. Covestor Ltd raised its position in DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company's stock worth $40,000 after acquiring an additional 253 shares in the last quarter. Valley National Advisers Inc. acquired a new stake in DoorDash in the 4th quarter valued at about $43,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company's stock valued at $46,000 after purchasing an additional 98 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Price Performance

DASH traded down $0.50 on Friday, hitting $113.81. The company had a trading volume of 6,210,790 shares, compared to its average volume of 4,293,060. The stock has a market cap of $45.98 billion, a price-to-earnings ratio of -105.38, a price-to-earnings-growth ratio of 13.07 and a beta of 1.78. The company's fifty day moving average price is $131.86 and its 200 day moving average price is $110.63. DoorDash, Inc. has a 1-year low of $60.36 and a 1-year high of $143.34.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The business had revenue of $2.51 billion during the quarter, compared to analysts' expectations of $2.45 billion. During the same period in the previous year, the company earned ($0.41) earnings per share. DoorDash's revenue for the quarter was up 23.5% on a year-over-year basis. On average, sell-side analysts forecast that DoorDash, Inc. will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DASH shares. Jefferies Financial Group raised DoorDash from a "hold" rating to a "buy" rating and upped their target price for the company from $90.00 to $130.00 in a report on Monday, January 8th. Piper Sandler raised shares of DoorDash from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. Benchmark reduced their target price on DoorDash from $165.00 to $150.00 and set a "buy" rating for the company in a report on Thursday. JMP Securities decreased their target price on DoorDash from $160.00 to $140.00 and set a "market outperform" rating for the company in a research report on Thursday. Finally, Loop Capital started coverage on DoorDash in a research report on Friday, April 19th. They set a "buy" rating and a $170.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.96.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total value of $916,650.00. Following the completion of the sale, the chief financial officer now directly owns 384,425 shares of the company's stock, valued at $50,340,453.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 132,300 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The disclosure for this sale can be found here. Insiders sold 487,782 shares of company stock worth $64,046,807 over the last ninety days. Company insiders own 9.59% of the company's stock.

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.