Teachers Retirement System of The State of Kentucky Buys 15,500 Shares of DoorDash, Inc. (NYSE:DASH)

Teachers Retirement System of The State of Kentucky boosted its stake in DoorDash, Inc. (NYSE:DASHGet Rating) by 33.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 61,495 shares of the company’s stock after acquiring an additional 15,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DoorDash were worth $7,207,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DASH. IndexIQ Advisors LLC acquired a new position in DoorDash in the first quarter valued at approximately $32,000. CWM LLC lifted its stake in DoorDash by 608.1% in the first quarter. CWM LLC now owns 439 shares of the company’s stock valued at $51,000 after buying an additional 377 shares during the period. Itau Unibanco Holding S.A. acquired a new position in DoorDash in the fourth quarter valued at approximately $70,000. UMB Bank N A MO lifted its stake in DoorDash by 68.3% in the first quarter. UMB Bank N A MO now owns 680 shares of the company’s stock valued at $80,000 after buying an additional 276 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in DoorDash by 16,080.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 809 shares of the company’s stock valued at $95,000 after buying an additional 804 shares during the period. 80.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other DoorDash news, CFO Prabir Adarkar sold 62,051 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $63.76, for a total value of $3,956,371.76. Following the completion of the transaction, the chief financial officer now owns 787,128 shares in the company, valued at approximately $50,187,281.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other DoorDash news, CFO Prabir Adarkar sold 62,051 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $63.76, for a total value of $3,956,371.76. Following the completion of the transaction, the chief financial officer now owns 787,128 shares in the company, valued at approximately $50,187,281.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Keith Yandell sold 12,960 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $63.78, for a total value of $826,588.80. Following the completion of the sale, the insider now directly owns 259,999 shares in the company, valued at approximately $16,582,736.22. The disclosure for this sale can be found here. Insiders sold a total of 131,034 shares of company stock worth $8,462,412 in the last quarter. 15.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DASH. Evercore ISI boosted their price target on DoorDash from $98.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. JMP Securities lowered their target price on DoorDash from $200.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. Needham & Company LLC upped their target price on DoorDash from $100.00 to $115.00 in a research report on Friday, August 5th. Citigroup upped their target price on DoorDash from $118.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. lowered their target price on DoorDash from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.70.

DoorDash Stock Performance

DASH stock opened at $59.13 on Friday. The company has a market capitalization of $22.83 billion, a price-to-earnings ratio of -30.32 and a beta of 1.24. DoorDash, Inc. has a fifty-two week low of $56.60 and a fifty-two week high of $257.25. The stock has a fifty day moving average of $68.72 and a 200-day moving average of $78.66.

DoorDash (NYSE:DASHGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.33). The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.52 billion. DoorDash had a negative return on equity of 12.82% and a negative net margin of 12.16%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) EPS. Equities analysts predict that DoorDash, Inc. will post -2.36 EPS for the current year.

About DoorDash

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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Institutional Ownership by Quarter for DoorDash (NYSE:DASH)

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