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

California State Teachers Retirement System lessened its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 498,085 shares of the company's stock after selling 10,937 shares during the quarter. California State Teachers Retirement System owned about 0.12% of DoorDash worth $83,554,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DASH. Pittenger & Anderson Inc. acquired a new position in DoorDash in the 4th quarter valued at about $29,000. Denver PWM LLC purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC purchased a new stake in shares of DoorDash during the fourth quarter worth approximately $36,000. Finally, IFP Advisors Inc lifted its holdings in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

Analysts Set New Price Targets

DASH has been the topic of several recent research reports. Needham & Company LLC restated a "buy" rating on shares of DoorDash in a research report on Monday, March 3rd. The Goldman Sachs Group increased their price target on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Loop Capital raised their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Susquehanna boosted their target price on DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Finally, JMP Securities reissued a "market outperform" rating and issued a $225.00 price target on shares of DoorDash in a report on Monday. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.66.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the transaction, the chief financial officer now directly owns 337,430 shares in the company, valued at approximately $63,173,644.60. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Tia Sherringham sold 12,088 shares of DoorDash stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the sale, the general counsel now owns 122,135 shares of the company's stock, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,511 shares of company stock worth $30,394,673. 7.92% of the stock is owned by insiders.

DoorDash Trading Up 4.5 %

Shares of DoorDash stock traded up $8.89 during mid-day trading on Friday, hitting $205.09. 4,255,475 shares of the stock were exchanged, compared to its average volume of 4,150,411. The company has a 50-day simple moving average of $185.23 and a 200 day simple moving average of $178.99. The stock has a market capitalization of $86.16 billion, a price-to-earnings ratio of 759.59 and a beta of 1.69. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25.

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.