Mn Services Vermogensbeheer B.V. Sells 2,500 Shares of DoorDash, Inc. (NASDAQ:DASH)

Mn Services Vermogensbeheer B.V. lessened its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,500 shares of the company’s stock after selling 2,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in DoorDash were worth $14,202,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC increased its stake in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares during the period. Headlands Technologies LLC bought a new position in DoorDash during the second quarter worth about $32,000. Meeder Asset Management Inc. boosted its holdings in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares during the period. Finally, Quest Partners LLC raised its holdings in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DoorDash stock opened at $157.24 on Tuesday. The firm has a market capitalization of $64.71 billion, a price-to-earnings ratio of -349.42, a PEG ratio of 359.82 and a beta of 1.67. DoorDash, Inc. has a fifty-two week low of $83.58 and a fifty-two week high of $165.07. The company’s 50 day simple moving average is $140.40 and its 200 day simple moving average is $124.10.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm posted ($0.19) earnings per share. DoorDash’s revenue was up 25.0% compared to the same quarter last year. As a group, analysts predict that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

DASH has been the topic of several recent analyst reports. Wolfe Research initiated coverage on DoorDash in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $130.00 price target on the stock. Barclays boosted their target price on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday. KeyCorp increased their target price on shares of DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target for the company in a report on Wednesday, September 25th. Finally, JMP Securities upped their price objective on shares of DoorDash from $160.00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $163.12.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the transaction, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the sale, the chief financial officer now directly owns 396,152 shares in the company, valued at $50,651,994.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 324,539 shares of company stock worth $46,439,330. Company insiders own 7.92% of the company’s stock.

About DoorDash

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.