Mn Services Vermogensbeheer B.V. Has $11.10 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 102,000 shares of the company’s stock after selling 3,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in DoorDash were worth $11,096,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of DoorDash by 11,416.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after buying an additional 3,425,115 shares in the last quarter. Norges Bank bought a new stake in DoorDash in the fourth quarter valued at about $264,806,000. Vanguard Group Inc. raised its position in DoorDash by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares in the last quarter. Franklin Resources Inc. lifted its stake in DoorDash by 294.5% during the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after purchasing an additional 1,200,181 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in DoorDash by 40,319.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,039,592 shares of the company’s stock valued at $102,805,000 after purchasing an additional 1,037,020 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of a number of recent research reports. DA Davidson increased their target price on DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Oppenheimer lifted their price objective on DoorDash from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $150.00 target price on shares of DoorDash in a report on Tuesday, July 30th. JMP Securities lifted their price target on shares of DoorDash from $140.00 to $145.00 and gave the company a “market outperform” rating in a report on Friday, August 2nd. Finally, Barclays boosted their price target on shares of DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $141.93.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the completion of the transaction, the director now owns 39,275 shares in the company, valued at $4,453,785. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Tony Xu sold 131,590 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $113.40, for a total value of $5,670,000.00. Following the transaction, the director now owns 39,275 shares in the company, valued at approximately $4,453,785. The disclosure for this sale can be found here. Insiders have sold 506,447 shares of company stock worth $56,314,905 in the last ninety days. Company insiders own 7.92% of the company’s stock.

DoorDash Price Performance

Shares of DoorDash stock traded up $0.01 on Friday, hitting $128.81. 1,877,112 shares of the company’s stock traded hands, compared to its average volume of 4,089,442. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34. The stock has a market capitalization of $52.67 billion, a PE ratio of -119.27, a price-to-earnings-growth ratio of 40.25 and a beta of 1.67. The firm’s 50-day moving average price is $113.61 and its two-hundred day moving average price is $120.33.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.44) EPS. On average, analysts forecast that DoorDash, Inc. will post 0.07 earnings per share for the current fiscal year.

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.