15,500 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,500 shares of the company's stock, valued at approximately $2,833,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenleaf Trust lifted its stake in shares of DoorDash by 10.2% in the 1st quarter. Greenleaf Trust now owns 2,665 shares of the company's stock worth $487,000 after purchasing an additional 246 shares during the period. OMNI 360 Wealth Inc. bought a new position in shares of DoorDash in the 1st quarter worth approximately $261,000. Valeo Financial Advisors LLC lifted its stake in shares of DoorDash by 9.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,552 shares of the company's stock worth $284,000 after purchasing an additional 133 shares during the period. Stratos Wealth Partners LTD. bought a new stake in DoorDash during the 1st quarter worth approximately $278,000. Finally, Brown Advisory Inc. raised its stake in DoorDash by 17.8% during the 1st quarter. Brown Advisory Inc. now owns 51,532 shares of the company's stock worth $9,419,000 after acquiring an additional 7,799 shares during the period. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Performance

Shares of DASH stock traded up $2.20 on Friday, hitting $240.44. 2,842,802 shares of the stock traded hands, compared to its average volume of 4,234,659. The firm's 50-day moving average price is $216.76 and its two-hundred day moving average price is $196.04. The stock has a market capitalization of $101.88 billion, a PE ratio of 312.26 and a beta of 1.70. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74.

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

Insider Transactions at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $244.99, for a total value of $306,237.50. Following the sale, the director directly owned 44,302 shares in the company, valued at approximately $10,853,546.98. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $240.66, for a total transaction of $7,219,800.00. Following the completion of the sale, the director owned 22,545 shares in the company, valued at approximately $5,425,679.70. This trade represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 429,031 shares of company stock worth $94,584,086 in the last 90 days. Insiders own 5.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DASH. BTIG Research lifted their price objective on shares of DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. KeyCorp decreased their price objective on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $230.00 target price on shares of DoorDash in a report on Wednesday, May 7th. Finally, Stifel Nicolaus set a $198.00 price objective on shares of DoorDash and gave the company a "hold" rating in a research report on Tuesday, June 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $220.53.

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.