DoorDash, Inc. $DASH Holdings Raised by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,700 shares of the company’s stock after purchasing an additional 5,100 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in DoorDash were worth $16,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. boosted its stake in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of DoorDash by 2,760.0% in the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in DoorDash by 74.3% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after purchasing an additional 75 shares during the period. Asset Planning Inc acquired a new position in DoorDash during the 3rd quarter valued at approximately $50,000. Finally, Concord Wealth Partners bought a new position in DoorDash during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Truist Financial upped their price target on shares of DoorDash from $326.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Bank of America reduced their target price on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their price target on shares of DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen cut DoorDash from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Guggenheim reduced their price objective on DoorDash from $280.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.24.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $222.53, for a total value of $10,105,087.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alfred Lin acquired 389,047 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of $193.81 per share, for a total transaction of $75,401,199.07. Following the acquisition, the director owned 389,047 shares in the company, valued at approximately $75,401,199.07. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 604,135 shares of company stock valued at $124,509,080 in the last three months. Insiders own 5.83% of the company’s stock.

DoorDash Price Performance

Shares of DoorDash stock opened at $161.14 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $214.55 and its two-hundred day moving average price is $234.65. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The stock has a market cap of $69.45 billion, a PE ratio of 81.80 and a beta of 1.77.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.