Mn Services Vermogensbeheer B.V. Buys 4,000 Shares of DoorDash, Inc. (NASDAQ:DASH)

Mn Services Vermogensbeheer B.V. increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 103,500 shares of the company’s stock after buying an additional 4,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in DoorDash were worth $17,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its stake in DoorDash by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock valued at $16,012,000 after buying an additional 10,755 shares during the last quarter. Swedbank AB grew its holdings in shares of DoorDash by 3.3% in the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after acquiring an additional 5,539 shares during the period. Sanctuary Advisors LLC increased its position in DoorDash by 48.8% during the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after acquiring an additional 3,498 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Finally, LVW Advisors LLC purchased a new position in DoorDash in the fourth quarter worth about $236,000. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now owns 105,162 shares of the company’s stock, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ravi Inukonda sold 15,198 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total value of $3,102,063.78. Following the sale, the chief financial officer now directly owns 351,970 shares in the company, valued at $71,840,596.70. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 753,662 shares of company stock worth $133,190,353. Corporate insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DASH. Wedbush upped their price target on shares of DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. KeyCorp boosted their target price on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Truist Financial increased their price target on shares of DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. BMO Capital Markets reissued an “outperform” rating and set a $240.00 price objective (up previously from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Stock Down 1.4 %

DASH opened at $195.84 on Friday. The company has a market capitalization of $82.27 billion, a PE ratio of 725.33 and a beta of 1.72. The firm has a 50-day simple moving average of $184.40 and a two-hundred day simple moving average of $162.77. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.24.

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.