Strs Ohio Cuts Holdings in DoorDash, Inc. (NASDAQ:DASH)

Strs Ohio cut its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 18.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,358 shares of the company’s stock after selling 2,081 shares during the period. Strs Ohio’s holdings in DoorDash were worth $925,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DASH. Fifth Third Bancorp lifted its position in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after buying an additional 359 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in shares of DoorDash during the fourth quarter valued at approximately $43,000. SJS Investment Consulting Inc. boosted its stake in shares of DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares during the period. Covestor Ltd increased its stake in DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after buying an additional 253 shares during the period. Finally, Global Retirement Partners LLC boosted its position in DoorDash by 3,072.2% in the 4th quarter. Global Retirement Partners LLC now owns 571 shares of the company’s stock valued at $59,000 after buying an additional 553 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Gordon S. Lee sold 1,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the sale, the chief accounting officer now owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated 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 sold 497,282 shares of company stock valued at $64,885,042 over the last 90 days. 9.59% of the stock is currently owned by company insiders.

DoorDash Trading Down 2.0 %

Shares of NASDAQ:DASH opened at $126.76 on Thursday. DoorDash, Inc. has a 52 week low of $56.59 and a 52 week high of $143.34. The firm has a market capitalization of $51.21 billion, a P/E ratio of -88.64, a PEG ratio of 14.16 and a beta of 1.79. The firm’s 50 day moving average is $130.95 and its two-hundred day moving average is $108.06.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company’s revenue was up 26.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.63) EPS. Analysts predict that DoorDash, Inc. will post 0.21 EPS for the current year.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Truist Financial increased their price target on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. BMO Capital Markets boosted their price objective on DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Moffett Nathanson upgraded DoorDash from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $130.52.

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.