Treasurer of the State of North Carolina Acquires 3,880 Shares of DoorDash, Inc. (NASDAQ:DASH)

Treasurer of the State of North Carolina raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,475 shares of the company’s stock after buying an additional 3,880 shares during the quarter. Treasurer of the State of North Carolina’s holdings in DoorDash were worth $26,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash during the fourth quarter worth about $29,000. Denver PWM LLC purchased a new position in DoorDash in the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash in the 4th quarter worth approximately $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash in the 4th quarter worth $36,000. Finally, IFP Advisors Inc raised its position in shares of 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 buying an additional 54 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

NASDAQ:DASH opened at $178.52 on Friday. The firm has a market cap of $75.00 billion, a P/E ratio of 661.19 and a beta of 1.69. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The firm has a 50-day simple moving average of $190.55 and a two-hundred day simple moving average of $175.08.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $240.00 target price (up previously from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. KeyCorp upped their target price on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Wedbush lifted their price target on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Wells Fargo & Company boosted their price objective on shares of DoorDash from $198.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, April 3rd. Finally, FBN Securities started coverage on shares of DoorDash in a report on Friday, March 28th. They set an “outperform” rating and a $230.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.12.

Insider Activity

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares of the company’s stock, valued at $3,313,424.85. This represents a 71.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,523 shares of company stock worth $38,726,620 over the last 90 days. 7.92% of the stock is currently owned by insiders.

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.