DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,200 shares of the company's stock after acquiring an additional 5,250 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in DoorDash were worth $23,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DASH. Baillie Gifford & Co. raised its position in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. State Street Corp increased its position in DoorDash by 3.8% during the third quarter. State Street Corp now owns 7,395,891 shares of the company's stock worth $1,055,616,000 after buying an additional 272,659 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock worth $789,766,000 after acquiring an additional 700,465 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company's stock worth $636,652,000 after acquiring an additional 267,855 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of DoorDash by 7.9% in the third quarter. Two Sigma Advisers LP now owns 3,466,100 shares of the company's stock valued at $494,716,000 after acquiring an additional 252,600 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Trading Down 0.2 %

NASDAQ:DASH traded down $0.39 on Thursday, reaching $176.02. The stock had a trading volume of 2,379,503 shares, compared to its average volume of 3,736,352. The stock has a market cap of $73.12 billion, a P/E ratio of -391.16, a price-to-earnings-growth ratio of 14.09 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $93.33 and a 12-month high of $181.30. The company has a 50-day moving average of $164.21 and a 200 day moving average of $134.97.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the company posted ($0.19) EPS. DoorDash's quarterly revenue was up 25.0% on a year-over-year basis. On average, equities analysts predict that DoorDash, Inc. will post 0.26 EPS for the current year.

Insider Transactions at DoorDash

In other DoorDash news, insider Keith Yandell sold 4,474 shares of DoorDash stock in a transaction on Friday, December 6th. The shares were sold at an average price of $177.36, for a total value of $793,508.64. Following the completion of the transaction, the insider now owns 114,238 shares of the company's stock, valued at $20,261,251.68. The trade was a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stanley Tang sold 1,855 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the sale, the director now directly owns 35,413 shares in the company, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 793,196 shares of company stock valued at $131,015,818. Insiders own 7.92% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on DASH. Keefe, Bruyette & Woods upgraded DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price objective for the company in a research report on Wednesday, September 25th. KeyCorp boosted their price objective on shares of DoorDash from $177.00 to $180.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Mizuho raised their target price on shares of DoorDash from $162.00 to $173.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their price target on DoorDash from $175.00 to $215.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, Raymond James began coverage on DoorDash in a report on Tuesday, September 24th. They set an "outperform" rating and a $155.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.27.

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.