Strs Ohio Reduces Position in DoorDash, Inc. (NASDAQ:DASH)

Strs Ohio lessened its stake in DoorDash, Inc. (NASDAQ:DASH) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,358 shares of the company’s stock after selling 2,081 shares during the period. Strs Ohio’s holdings in DoorDash were worth $925,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Versor Investments LP purchased a new stake in shares of DoorDash during the 3rd quarter worth $556,000. Assenagon Asset Management S.A. increased its holdings in DoorDash by 1,725.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock worth $110,082,000 after acquiring an additional 1,052,198 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in DoorDash during the fourth quarter valued at $769,000. Angeles Investment Advisors LLC purchased a new position in DoorDash in the 3rd quarter valued at about $336,000. Finally, Bank of Nova Scotia boosted its stake in shares of DoorDash by 685.9% in the third quarter. Bank of Nova Scotia now owns 46,751 shares of the company’s stock worth $3,715,000 after acquiring an additional 40,802 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Trading Down 2.0 %

NASDAQ:DASH opened at $126.76 on Thursday. The firm has a market cap of $51.21 billion, a PE ratio of -88.64, a price-to-earnings-growth ratio of 14.16 and a beta of 1.79. The stock has a fifty day moving average price of $130.95 and a 200 day moving average price of $108.06. DoorDash, Inc. has a 12-month low of $56.59 and a 12-month high of $143.34.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the company posted ($0.63) earnings per share. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. Equities analysts forecast that DoorDash, Inc. will post 0.21 EPS for the current year.

Insider Activity at DoorDash

In other news, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the completion of the transaction, the director now directly owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other DoorDash news, insider Keith Yandell sold 3,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $104.89, for a total transaction of $367,115.00. Following the transaction, the insider now owns 179,350 shares of the company’s stock, valued at $18,812,021.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the sale, the director now directly owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The disclosure for this sale can be found here. Insiders have sold 497,282 shares of company stock valued at $64,885,042 over the last quarter. 9.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wedbush upped their target price on shares of DoorDash from $92.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. UBS Group cut their price objective on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Loop Capital assumed coverage on DoorDash in a report on Friday, April 19th. They set a “buy” rating and a $170.00 target price on the stock. The Goldman Sachs Group increased their price target on DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Finally, BMO Capital Markets upped their target price on DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.52.

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.