Skandinaviska Enskilda Banken AB publ Raises Position in DoorDash, Inc. (NASDAQ:DASH)

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 41.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,275 shares of the company’s stock after purchasing an additional 24,962 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in DoorDash were worth $14,463,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC acquired a new position in DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash during the fourth quarter worth about $34,000. ORG Wealth Partners LLC acquired a new stake in DoorDash during the fourth quarter worth about $36,000. Finally, IFP Advisors Inc raised its holdings in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DASH shares. Wedbush lifted their price objective on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. KeyCorp lifted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Loop Capital lifted their target price on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, February 24th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $183.50 on Friday. The stock has a market capitalization of $77.09 billion, a price-to-earnings ratio of 679.63 and a beta of 1.70. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The company has a 50 day moving average price of $187.99 and a 200 day moving average price of $167.24.

Insider Transactions at DoorDash

In other DoorDash news, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $178.74, for a total transaction of $19,363,261.68. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $268,110. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 522,062 shares of company stock valued at $92,218,440 in the last three months. 7.92% of the stock is currently owned by corporate insiders.

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.