Teachers Retirement System of The State of Kentucky Trims Position in DoorDash, Inc. $DASH

by · The Cerbat Gem

Teachers Retirement System of The State of Kentucky trimmed its stake in DoorDash, Inc. (NASDAQ:DASH – Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,092 shares of the company’s stock after selling 12,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DoorDash were worth $42,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of DASH. Physician Wealth Advisors Inc. boosted its holdings in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Sound Income Strategies LLC increased its holdings in DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares during the period. Rossby Financial LCC raised its position in DoorDash by 127.8% during the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company’s stock valued at $44,000 after purchasing an additional 92 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of DoorDash by 74.3% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after buying an additional 75 shares during the period. Finally, Concord Wealth Partners bought a new position in shares of DoorDash during the 3rd quarter worth $50,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Down 0.0%

DASH stock opened at $176.41 on Tuesday. The stock has a market capitalization of $76.64 billion, a PE ratio of 83.21 and a beta of 1.77. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $200.85 and a 200 day moving average of $227.28.

DoorDash (NASDAQ:DASH – Get Free Report) 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 net margin of 6.82% and a return on equity of 10.15%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. Sell-side analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on DASH. BTIG Research restated a “buy” rating and issued a $315.00 price objective on shares of DoorDash in a report on Thursday, November 6th. KeyCorp raised their target price on shares of DoorDash from $275.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Morgan Stanley restated an “overweight” rating and issued a $275.00 price target on shares of DoorDash in a report on Thursday, February 19th. UBS Group dropped their price objective on shares of DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.82.

Read Our Latest Stock Report on DoorDash

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $222.52, for a total transaction of $6,675,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tony Xu sold 16,667 shares of the stock in a transaction dated Thursday, December 18th. 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 in the company, valued at $345,000. This represents a 91.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 220,826 shares of company stock worth $48,944,946 over the last three months. Corporate insiders own 5.83% of the company’s stock.

DoorDash Profile

(Free Report)

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.

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