New York State Teachers Retirement System Decreases Stake in DoorDash, Inc. (NASDAQ:DASH)

New York State Teachers Retirement System trimmed its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,088 shares of the company’s stock after selling 623 shares during the quarter. New York State Teachers Retirement System’s holdings in DoorDash were worth $2,724,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Commonwealth Equity Services LLC increased its stake in shares of DoorDash by 54.1% in the first quarter. Commonwealth Equity Services LLC now owns 4,664 shares of the company’s stock worth $642,000 after buying an additional 1,637 shares during the last quarter. Nordea Investment Management AB increased its position in shares of DoorDash by 5.7% in the 1st quarter. Nordea Investment Management AB now owns 19,071 shares of the company’s stock worth $2,661,000 after purchasing an additional 1,022 shares during the last quarter. ORG Partners LLC raised its stake in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 253 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of DoorDash by 98.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,732 shares of the company’s stock valued at $789,000 after purchasing an additional 2,848 shares in the last quarter. Finally, Sciencast Management LP lifted its position in shares of DoorDash by 48.5% during the first quarter. Sciencast Management LP now owns 4,131 shares of the company’s stock worth $569,000 after purchasing an additional 1,349 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH opened at $170.59 on Friday. The firm’s 50 day moving average is $143.32 and its 200-day moving average is $125.15. DoorDash, Inc. has a 12-month low of $83.58 and a 12-month high of $171.20. The stock has a market capitalization of $70.20 billion, a P/E ratio of -379.09, a P/E/G ratio of 13.65 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping 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 business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the company posted ($0.19) EPS. The company’s revenue was up 25.0% compared to the same quarter last year. As a group, equities research analysts forecast that DoorDash, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total transaction of $12,014,289.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Tony Xu sold 81,249 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the transaction, the director now directly owns 18,089 shares in the company, valued at $2,710,274.87. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wedbush reaffirmed a “neutral” rating and set a $115.00 target price on shares of DoorDash in a report on Friday, August 2nd. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a research note on Wednesday, September 25th. Benchmark boosted their target price on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. UBS Group increased their target price on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Finally, Morgan Stanley lifted their price target on shares of DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $163.12.

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.