Swiss Life Asset Management Ltd Has $19.25 Million Stake in DoorDash, Inc. $DASH

Swiss Life Asset Management Ltd boosted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 124.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,002 shares of the company’s stock after purchasing an additional 47,083 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in DoorDash were worth $19,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of DoorDash by 5.0% in the 3rd quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after buying an additional 22,944 shares in the last quarter. Caprock Group LLC acquired a new position in shares of DoorDash in the 3rd quarter valued at approximately $3,169,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of DoorDash in the 4th quarter valued at approximately $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of DoorDash by 7.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after buying an additional 53,722 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its position in shares of DoorDash by 136.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock valued at $11,520,000 after buying an additional 24,454 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Down 4.0%

DASH opened at $157.33 on Tuesday. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $68.35 billion, a price-to-earnings ratio of 74.92 and a beta of 1.87. The company’s 50 day moving average price is $166.36 and its two-hundred day moving average price is $195.55.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, research analysts predict that DoorDash, Inc. will post 2.53 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the sale, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at $158,898,314.52. The trade was a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the sale, the director directly owned 19,279 shares in the company, valued at $2,891,850. The trade was a 52.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,683 shares of company stock valued at $6,908,813 in the last ninety days. 5.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DASH has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of DoorDash from $198.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Bank of America boosted their target price on shares of DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Oppenheimer dropped their target price on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, February 19th. Citigroup lowered their price objective on shares of DoorDash from $280.00 to $250.00 and set a “buy” rating for the company in a research report on Friday. Finally, BTIG Research reiterated a “buy” rating and set a $280.00 price objective on shares of DoorDash in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $257.00.

DoorDash 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.