DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,084 shares of the company's stock after selling 19,255 shares during the period. Public Employees Retirement System of Ohio's holdings in DoorDash were worth $22,135,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DASH. Nomura Asset Management Co. Ltd. grew its position in shares of DoorDash by 14.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 110,273 shares of the company's stock valued at $15,739,000 after buying an additional 14,310 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in DoorDash by 31.1% in the third quarter. Orion Portfolio Solutions LLC now owns 8,206 shares of the company's stock valued at $1,171,000 after acquiring an additional 1,946 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in shares of DoorDash by 4.6% during the third quarter. iA Global Asset Management Inc. now owns 39,208 shares of the company's stock worth $5,596,000 after purchasing an additional 1,713 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of DoorDash during the third quarter worth about $829,000. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of DoorDash by 7.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 2,210 shares of the company's stock valued at $315,000 after purchasing an additional 161 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Keefe, Bruyette & Woods raised DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price target on the stock in a research report on Wednesday, September 25th. Needham & Company LLC lifted their target price on shares of DoorDash from $145.00 to $180.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Susquehanna increased their price target on shares of DoorDash from $140.00 to $180.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Mizuho lifted their price objective on shares of DoorDash from $162.00 to $173.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Benchmark upped their target price on shares of DoorDash from $152.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $167.27.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 14,219 shares of DoorDash stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $2,416,945.62. Following the transaction, the chief financial officer now owns 380,993 shares in the company, valued at approximately $64,761,190.14. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,334 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total value of $19,507,703.38. Following the sale, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at approximately $270,105. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 843,196 shares of company stock worth $137,525,818. 7.92% of the stock is owned by company insiders.

DoorDash Stock Up 1.4 %

Shares of NASDAQ:DASH traded up $2.51 during trading on Wednesday, reaching $176.41. The stock had a trading volume of 3,062,980 shares, compared to its average volume of 3,741,918. The stock has a market cap of $73.28 billion, a P/E ratio of -392.02, a PEG ratio of 14.09 and a beta of 1.70. The business has a fifty day moving average price of $163.53 and a 200-day moving average price of $134.69. DoorDash, Inc. has a fifty-two week low of $93.33 and a fifty-two week high of $181.30.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted ($0.19) EPS. DoorDash's revenue was up 25.0% on a year-over-year basis. As a group, equities analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current year.

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.