DoorDash, Inc. $DASH Stock Holdings Trimmed by Teachers Retirement System of The State of Kentucky

by · The Cerbat Gem

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) by 4.6% during the 4th quarter, Holdings Channel reports. The fund owned 147,912 shares of the company’s stock after selling 7,180 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DoorDash were worth $33,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DASH. Brighton Jones LLC raised its stake in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after acquiring an additional 303 shares in the last quarter. Empowered Funds LLC raised its stake in DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after acquiring an additional 285 shares in the last quarter. Sivia Capital Partners LLC raised its stake in DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in DoorDash during the 2nd quarter valued at $222,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Down 0.1%

DASH opened at $176.78 on Friday. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s fifty day moving average is $166.77 and its 200-day moving average is $202.47. The company has a market capitalization of $76.80 billion, a PE ratio of 83.39 and a beta of 1.93.

DoorDash (NASDAQ:DASH – Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 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 firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. On average, equities analysts predict that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Zacks Research downgraded DoorDash from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Bank of America lifted their target price on DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wolfe Research set a $270.00 target price on DoorDash in a research note on Monday, January 5th. UBS Group cut their target price on DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Finally, Barclays cut their target price on DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $261.32.

Read Our Latest Research Report on DASH

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the sale, the director owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. The trade was a 52.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 10,000 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the sale, the chief operating officer directly owned 843,678 shares in the company, valued at $158,898,314.52. This represents a 1.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 89,406 shares of company stock valued at $16,639,624. 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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