Swiss National Bank Sells 37,000 Shares of DoorDash, Inc. (NASDAQ:DASH)

Swiss National Bank lowered its holdings in DoorDash, Inc. (NASDAQ:DASH) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 869,300 shares of the company’s stock after selling 37,000 shares during the period. Swiss National Bank owned approximately 0.21% of DoorDash worth $145,825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $146,094,000. Janus Henderson Group PLC increased its stake in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after acquiring an additional 700,465 shares during the period. Thrivent Financial for Lutherans raised its holdings in DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after acquiring an additional 651,525 shares in the last quarter. Amundi lifted its position in shares of DoorDash by 65.0% during the 4th quarter. Amundi now owns 1,407,884 shares of the company’s stock valued at $244,578,000 after acquiring an additional 554,675 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of DoorDash by 15.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Down 5.0 %

Shares of NASDAQ DASH opened at $178.29 on Friday. The company has a market capitalization of $74.90 billion, a PE ratio of 660.33 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The firm has a fifty day simple moving average of $187.66 and a 200 day simple moving average of $166.78.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Royal Bank of Canada boosted their price target on DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Truist Financial boosted their target price on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Citigroup reiterated a “buy” rating on shares of DoorDash in a research report on Saturday, March 8th. Barclays boosted their price objective on shares of DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, February 13th. Finally, Loop Capital raised their target price on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, February 24th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

Insiders Place Their Bets

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $178.66, for a total transaction of $8,933,000.00. Following the completion of the sale, the director now owns 16,176 shares of the company’s stock, valued at $2,890,004.16. This trade represents a 75.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the sale, the insider now owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 522,062 shares of company stock worth $92,218,440. Company insiders own 7.92% of the company’s stock.

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.