DoorDash, Inc. (NASDAQ:DASH) Holdings Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,052 shares of the company's stock after selling 13,929 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of DoorDash worth $27,398,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DASH. National Bank of Canada FI lifted its position in shares of DoorDash by 13.1% during the 3rd quarter. National Bank of Canada FI now owns 1,081 shares of the company's stock worth $86,000 after buying an additional 125 shares during the last quarter. CWM LLC increased its holdings in shares of DoorDash by 19.4% in the 3rd quarter. CWM LLC now owns 2,684 shares of the company's stock valued at $213,000 after acquiring an additional 437 shares during the period. SG Americas Securities LLC increased its holdings in shares of DoorDash by 1,139.2% in the 3rd quarter. SG Americas Securities LLC now owns 24,994 shares of the company's stock valued at $1,986,000 after acquiring an additional 22,977 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of DoorDash in the 3rd quarter valued at $94,000. Finally, Oak Thistle LLC acquired a new position in shares of DoorDash in the 3rd quarter valued at $351,000. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Stock Up 3.1 %

Shares of DoorDash stock traded up $4.00 on Friday, hitting $132.11. The company's stock had a trading volume of 3,851,223 shares, compared to its average volume of 2,816,868. DoorDash, Inc. has a 52-week low of $57.39 and a 52-week high of $143.34. The firm has a fifty day moving average price of $131.30 and a 200-day moving average price of $108.78. The company has a market capitalization of $53.37 billion, a P/E ratio of -92.38, a price-to-earnings-growth ratio of 14.25 and a beta of 1.79.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the prior year, the firm earned ($0.63) earnings per share. DoorDash's quarterly revenue was up 26.7% on a year-over-year basis. As a group, analysts expect that DoorDash, Inc. will post 0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DASH. Benchmark began coverage on shares of DoorDash in a report on Thursday, April 4th. They issued a "buy" rating and a $165.00 target price on the stock. BMO Capital Markets lifted their target price on shares of DoorDash from $120.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, February 16th. Royal Bank of Canada raised shares of DoorDash from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $130.00 to $175.00 in a research note on Monday, March 4th. Jefferies Financial Group raised shares of DoorDash from a "hold" rating to a "buy" rating and boosted their price objective for the company from $90.00 to $130.00 in a research note on Monday, January 8th. Finally, Mizuho boosted their price objective on shares of DoorDash from $140.00 to $152.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, DoorDash currently has an average rating of "Moderate Buy" and an average target price of $130.52.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DoorDash news, Director Andy Fang sold 67,000 shares of the business's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the completion of the transaction, the director now directly owns 40,969 shares in the company, valued at approximately $4,529,942.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tony Xu sold 132,300 shares of the business's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. Insiders have sold 497,282 shares of company stock valued at $64,885,042 in the last ninety days. Insiders own 9.59% 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.