APG Asset Management N.V. Purchases 4,233 Shares of DoorDash, Inc. $DASH

APG Asset Management N.V. lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,754 shares of the company’s stock after purchasing an additional 4,233 shares during the period. APG Asset Management N.V. owned 0.05% of DoorDash worth $61,675,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DASH. Vanguard Group Inc. increased its position in DoorDash by 3.7% during the third quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock worth $11,617,484,000 after buying an additional 1,522,823 shares during the last quarter. State Street Corp lifted its position in shares of DoorDash by 3.1% in the second quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after buying an additional 427,722 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of DoorDash by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after acquiring an additional 223,188 shares during the period. Invesco Ltd. increased its holdings in shares of DoorDash by 12.0% during the 2nd quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock worth $1,325,110,000 after acquiring an additional 575,629 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of DoorDash during the 2nd quarter worth approximately $1,185,576,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $181.28, for a total value of $226,600.00. Following the transaction, the director owned 32,252 shares in the company, valued at approximately $5,846,642.56. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tony Xu sold 16,667 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at approximately $345,000. This trade represents a 91.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 220,826 shares of company stock worth $48,944,946 in the last quarter. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Stock Down 2.2%

NASDAQ DASH opened at $176.47 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The company has a 50 day moving average of $202.02 and a 200-day moving average of $227.78. The company has a market cap of $76.66 billion, a price-to-earnings ratio of 83.24 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the company earned $0.33 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DASH has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $275.00 price target on shares of DoorDash in a report on Thursday, February 19th. Sanford C. Bernstein dropped their price objective on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Oppenheimer reduced their target price on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. Wolfe Research set a $270.00 price target on shares of DoorDash in a research note on Monday, January 5th. Finally, Bank of America increased their price target on shares of DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $264.74.

DoorDash Company 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.