Mn Services Vermogensbeheer B.V. Has $31.86 Million Holdings in DoorDash, Inc. $DASH

Mn Services Vermogensbeheer B.V. increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,678 shares of the company’s stock after buying an additional 5,178 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in DoorDash were worth $31,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its stake in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Eastern Bank lifted its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. Morse Asset Management Inc bought a new position in DoorDash during the third quarter worth about $36,000. Finally, Sound Income Strategies LLC grew its holdings in DoorDash by 2,760.0% during the third 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 period. 90.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DASH has been the topic of several research analyst reports. Oppenheimer dropped their price objective on DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Benchmark lifted their price objective on shares of DoorDash from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Cantor Fitzgerald decreased their price objective on shares of DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Sanford C. Bernstein dropped their price objective on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Finally, Barclays cut their target price on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $263.12.

DoorDash Stock Performance

DASH opened at $148.01 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The business has a fifty day simple moving average of $177.50 and a 200 day simple moving average of $215.38. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a market capitalization of $64.30 billion, a PE ratio of 69.82 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total transaction of $218,797.38. Following the transaction, the chief financial officer owned 208,412 shares in the company, valued at $44,837,757.68. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Prabir Adarkar sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the transaction, the chief operating officer directly owned 843,678 shares in the company, valued at $134,119,491.66. This represents a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 167,317 shares of company stock worth $35,720,931. 5.83% of the stock is currently owned by insiders.

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.