DoorDash, Inc. (NASDAQ:DASH) Holdings Cut by Cigna Investments Inc. New

Cigna Investments Inc. New cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,461 shares of the company’s stock after selling 89 shares during the quarter. Cigna Investments Inc. New’s holdings in DoorDash were worth $494,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in DoorDash by 11,416.7% during 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 during the period. Dragoneer Investment Group LLC increased its stake in shares of DoorDash by 77.9% during the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after acquiring an additional 1,246,567 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of DoorDash by 595.2% during the first quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after acquiring an additional 763,579 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in DoorDash by 216.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after purchasing an additional 739,961 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in DoorDash by 3,284.7% in the second quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock worth $79,385,000 after purchasing an additional 708,218 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the completion of the sale, the director now owns 18,089 shares in the company, valued at approximately $2,710,274.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Shona L. Brown sold 5,005 shares of DoorDash stock in a transaction on Monday, August 5th. The shares were sold at an average price of $120.00, for a total value of $600,600.00. Following the transaction, the director now owns 65,186 shares in the company, valued at $7,822,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,710,274.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 383,710 shares of company stock valued at $53,725,640 over the last three months. 7.92% of the stock is currently owned by insiders.

DoorDash Stock Performance

Shares of DASH opened at $155.66 on Friday. The firm has a market cap of $64.06 billion, a PE ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.70. The firm’s 50 day moving average price is $140.40 and its 200 day moving average price is $124.21. DoorDash, Inc. has a twelve month low of $83.58 and a twelve month high of $165.07.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.46%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the business posted ($0.19) EPS. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. On average, sell-side analysts anticipate that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on DASH shares. Needham & Company LLC boosted their price objective on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday. DA Davidson boosted their price target on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets raised their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $160.00 target price on shares of DoorDash in a report on Monday, October 7th. Finally, Argus initiated coverage on shares of DoorDash in a research note on Tuesday, July 23rd. They set a “hold” rating for the company. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.12.

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.