Teachers Retirement System of The State of Kentucky Has $29.06 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 159,000 shares of the company's stock after selling 2,200 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in DoorDash were worth $29,060,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DASH. GeoWealth Management LLC raised its stake in shares of DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after acquiring an additional 51 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of DoorDash by 5.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock valued at $279,000 after acquiring an additional 86 shares in the last quarter. LVW Advisors LLC raised its stake in shares of DoorDash by 6.1% in the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock valued at $273,000 after acquiring an additional 86 shares in the last quarter. CVA Family Office LLC raised its stake in shares of DoorDash by 12.7% in the 1st quarter. CVA Family Office LLC now owns 774 shares of the company's stock valued at $141,000 after acquiring an additional 87 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in shares of DoorDash by 4.8% in the 4th quarter. Insigneo Advisory Services LLC now owns 2,315 shares of the company's stock valued at $388,000 after acquiring an additional 105 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Benchmark lifted their price target on DoorDash from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday. Stifel Nicolaus set a $198.00 price objective on DoorDash and gave the company a "hold" rating in a research report on Tuesday, June 10th. Royal Bank Of Canada restated an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. Wall Street Zen cut DoorDash from a "buy" rating to a "hold" rating in a research report on Friday. Finally, FBN Securities started coverage on DoorDash in a research report on Friday, March 28th. They set an "outperform" rating and a $230.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $226.97.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the completion of the sale, the director directly owned 26,070 shares of the company's stock, valued at approximately $6,274,788.30. This trade represents a 63.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tony Xu sold 34,167 shares of DoorDash stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $236.80, for a total value of $8,090,745.60. Following the completion of the transaction, the chief executive officer directly owned 520,450 shares of the company's stock, valued at $123,242,560. This represents a 6.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 463,198 shares of company stock valued at $102,674,831. Insiders own 5.83% of the company's stock.

DoorDash Price Performance

Shares of DoorDash stock opened at $239.17 on Friday. The company has a market capitalization of $101.35 billion, a P/E ratio of 310.61 and a beta of 1.70. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $248.74. The business has a 50-day moving average of $221.73 and a two-hundred day moving average of $198.59.

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

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.

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