Illinois Municipal Retirement Fund Acquires 1,404 Shares of DoorDash, Inc. (NASDAQ:DASH)

Illinois Municipal Retirement Fund raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,355 shares of the company's stock after purchasing an additional 1,404 shares during the period. Illinois Municipal Retirement Fund's holdings in DoorDash were worth $23,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. ORG Partners LLC raised its position in shares of DoorDash by 404.0% in the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after acquiring an additional 202 shares in the last quarter. Rothschild Investment LLC raised its position in shares of DoorDash by 1,452.9% in the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after acquiring an additional 247 shares in the last quarter. Mizuho Securities Co. Ltd. raised its position in shares of DoorDash by 150.0% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after acquiring an additional 180 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of DoorDash by 695.6% in the 4th quarter. Larson Financial Group LLC now owns 358 shares of the company's stock worth $60,000 after acquiring an additional 313 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

DoorDash Stock Up 3.0%

Shares of DoorDash stock opened at $239.64 on Friday. The firm has a market cap of $101.55 billion, a price-to-earnings ratio of 311.22 and a beta of 1.67. The business has a 50-day moving average price of $204.82 and a 200-day moving average price of $190.85. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $240.25.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The firm's revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) earnings per share. On average, equities analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group cut their price target on DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $260.00 price target (up previously from $210.00) on shares of DoorDash in a research note on Wednesday. DA Davidson upped their price target on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Roth Capital set a $191.00 target price on DoorDash and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded DoorDash from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $214.76.

Insider Buying and Selling

In related news, Director Shona L. Brown sold 1,248 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $231.70, for a total value of $289,161.60. Following the completion of the transaction, the director now owns 45,213 shares of the company's stock, valued at $10,475,852.10. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director now owns 18,285 shares of the company's stock, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 313,552 shares of company stock worth $63,965,566. Corporate insiders own 5.83% of the company's stock.

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.

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