DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 22.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 47,529 shares of the company’s stock after acquiring an additional 8,577 shares during the period. Employees Retirement System of Texas’ holdings in DoorDash were worth $7,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash in the fourth quarter worth $29,000. Denver PWM LLC bought a new stake in DoorDash in the 4th quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash during the fourth quarter worth $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash in the 4th quarter valued at approximately $36,000. Finally, IFP Advisors Inc lifted its holdings in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Roth Mkm upped their target price on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Truist Financial increased their price objective on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Barclays lifted their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Loop Capital raised their price objective on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, JMP Securities restated a “market outperform” rating and issued a $200.00 price target on shares of DoorDash in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $207.29.

DoorDash Stock Down 6.2 %

Shares of DASH stock opened at $163.16 on Monday. The firm’s 50 day moving average price is $191.90 and its two-hundred day moving average price is $174.06. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 604.30 and a beta of 1.69.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total value of $8,416,000.00. Following the sale, the director now owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 12,088 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the sale, the general counsel now directly owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,523 shares of company stock worth $47,227,120. Insiders own 7.92% of the company’s stock.

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.