DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 2,145.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,892 shares of the company’s stock after acquiring an additional 43,848 shares during the period. Teacher Retirement System of Texas’ holdings in DoorDash were worth $7,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Royal London Asset Management Ltd. lifted its position in shares of DoorDash by 4.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 149,593 shares of the company’s stock valued at $25,094,000 after acquiring an additional 7,051 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of DoorDash by 43.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 33,658 shares of the company’s stock worth $5,598,000 after buying an additional 10,228 shares during the period. Vinva Investment Management Ltd boosted its position in shares of DoorDash by 167.8% in the fourth quarter. Vinva Investment Management Ltd now owns 36,491 shares of the company’s stock worth $6,189,000 after buying an additional 22,863 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of DoorDash in the fourth quarter worth $555,000. Finally, Xponance Inc. boosted its position in shares of DoorDash by 10.8% in the fourth quarter. Xponance Inc. now owns 62,383 shares of the company’s stock worth $10,465,000 after buying an additional 6,105 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Down 1.2 %

DASH stock opened at $190.62 on Friday. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The company has a market cap of $80.08 billion, a PE ratio of 706.00 and a beta of 1.70. The business’s 50-day simple moving average is $189.72 and its 200 day simple moving average is $169.70.

Analysts Set New Price Targets

Several brokerages have recently commented on DASH. Oppenheimer reaffirmed a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. JMP Securities reiterated a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. Roth Mkm increased their price objective on DoorDash from $165.00 to $193.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Wedbush increased their price objective on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.52.

Insider Buying and Selling

In related news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares of the company’s stock, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares in the company, valued at approximately $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 363,730 shares of company stock valued at $63,922,178 over the last three months. 7.92% of the stock is owned by corporate insiders.

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.