DoorDash, Inc. (NASDAQ:DASH) is Himension Capital Singapore PTE. LTD.’s 5th Largest Position

Himension Capital Singapore PTE. LTD. reduced its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 38.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 487,305 shares of the company’s stock after selling 309,348 shares during the period. DoorDash makes up 5.7% of Himension Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 5th biggest position. Himension Capital Singapore PTE. LTD. owned about 0.12% of DoorDash worth $81,745,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swedbank AB increased its position in shares of DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after purchasing an additional 5,539 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of DoorDash by 48.8% during the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after acquiring an additional 3,498 shares in the last quarter. LVW Advisors LLC bought a new stake in shares of DoorDash in the 4th quarter worth approximately $236,000. Nordea Investment Management AB boosted its stake in shares of DoorDash by 37.5% in the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock valued at $294,701,000 after purchasing an additional 476,360 shares in the last quarter. Finally, Retireful LLC grew its holdings in shares of DoorDash by 121.4% during the 4th quarter. Retireful LLC now owns 9,621 shares of the company’s stock valued at $1,614,000 after purchasing an additional 5,275 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 258,523 shares of company stock worth $47,227,120 in the last three months. Company insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DASH shares. Benchmark boosted their target price on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Citigroup reaffirmed a “buy” rating on shares of DoorDash in a research note on Saturday, March 8th. Wolfe Research raised their price target on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. FBN Securities began coverage on shares of DoorDash in a research note on Friday, March 28th. They set an “outperform” rating and a $230.00 price objective for the company. Finally, Barclays increased their price objective on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.29.

DoorDash Trading Down 6.2 %

Shares of NASDAQ:DASH opened at $163.16 on Friday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The company has a market cap of $68.54 billion, a PE ratio of 604.30 and a beta of 1.69. The stock has a 50 day moving average of $191.90 and a 200 day moving average of $173.77.

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.