DoorDash, Inc. $DASH Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,792 shares of the company’s stock after selling 4,763 shares during the quarter. Teacher Retirement System of Texas’ holdings in DoorDash were worth $15,479,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in DoorDash by 25.8% during the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock worth $7,200,642,000 after buying an additional 8,073,882 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of DoorDash by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock worth $897,031,000 after purchasing an additional 641,601 shares during the last quarter. Invesco Ltd. raised its stake in DoorDash by 41.9% during the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock valued at $877,269,000 after acquiring an additional 1,416,194 shares in the last quarter. Northern Trust Corp raised its stake in DoorDash by 38.2% during the 1st quarter. Northern Trust Corp now owns 3,309,237 shares of the company’s stock valued at $604,829,000 after acquiring an additional 915,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in DoorDash by 36.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,151,986 shares of the company’s stock valued at $576,089,000 after acquiring an additional 842,637 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the sale, the director directly owned 22,545 shares in the company, valued at approximately $6,216,558.30. This represents a 68.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 291,403 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $238.19, for a total value of $69,409,280.57. Following the completion of the sale, the chief executive officer owned 229,047 shares in the company, valued at approximately $54,556,704.93. This represents a 55.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 928,114 shares of company stock valued at $232,553,670. 5.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial lifted their price target on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Loop Capital restated a “buy” rating on shares of DoorDash in a report on Tuesday, July 15th. Sanford C. Bernstein lifted their price target on DoorDash from $210.00 to $265.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Wedbush reissued a “neutral” rating on shares of DoorDash in a research report on Friday, August 8th. Finally, Piper Sandler lifted their price objective on DoorDash from $210.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.88.

DoorDash Price Performance

NASDAQ DASH opened at $261.42 on Wednesday. DoorDash, Inc. has a twelve month low of $152.26 and a twelve month high of $285.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $111.68 billion, a PE ratio of 145.23 and a beta of 1.71. The stock has a 50-day simple moving average of $260.22 and a 200 day simple moving average of $234.44.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the firm earned ($0.38) EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. Research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current year.

DoorDash Company 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.