Handelsbanken Fonder AB Sells 21,755 Shares of DoorDash, Inc. (NASDAQ:DASH)

Handelsbanken Fonder AB lowered its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 13.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 143,428 shares of the company’s stock after selling 21,755 shares during the period. Handelsbanken Fonder AB’s holdings in DoorDash were worth $24,063,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the last quarter. Pittenger & Anderson Inc. bought a new stake in DoorDash in the 4th quarter valued at $29,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash during the 4th quarter valued at $34,000. ORG Wealth Partners LLC acquired a new stake in DoorDash during the 4th quarter valued at $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Trading Down 5.2 %

DASH stock opened at $202.25 on Friday. The firm has a 50-day moving average price of $182.07 and a 200-day moving average price of $160.22. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.24. The stock has a market capitalization of $84.01 billion, a P/E ratio of 749.07 and a beta of 1.72.

Insider Buying and Selling

In related news, insider Keith Yandell sold 4,474 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $177.36, for a total transaction of $793,508.64. Following the sale, the insider now owns 114,238 shares in the company, valued at $20,261,251.68. The trade was a 3.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 812,035 shares of company stock worth $142,357,630 in the last three months. 7.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DASH has been the subject of a number of research reports. Evercore ISI raised their target price on shares of DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Mizuho boosted their price objective on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Susquehanna increased their target price on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research note on Thursday, February 13th. Finally, Bank of America boosted their price target on DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $205.45.

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.