California Public Employees Retirement System Acquires 100,764 Shares of DoorDash, Inc. (NASDAQ:DASH)

California Public Employees Retirement System grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 552,273 shares of the company’s stock after purchasing an additional 100,764 shares during the quarter. California Public Employees Retirement System owned approximately 0.14% of DoorDash worth $54,614,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of DoorDash by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 27,043,520 shares of the company’s stock worth $2,149,149,000 after buying an additional 781,861 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after buying an additional 772,977 shares during the last quarter. Northern Trust Corp grew its position in shares of DoorDash by 7.2% in the 3rd quarter. Northern Trust Corp now owns 1,830,630 shares of the company’s stock worth $145,480,000 after buying an additional 123,449 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of DoorDash by 1,725.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock worth $110,082,000 after buying an additional 1,052,198 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of DoorDash by 14.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,098,708 shares of the company’s stock worth $87,314,000 after buying an additional 141,787 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the completion of the sale, the director now directly owns 40,969 shares in the company, valued at $4,529,942.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 67,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the completion of the transaction, the director now directly owns 40,969 shares of the company’s stock, valued at approximately $4,529,942.33. The disclosure for this sale can be found here. Insiders sold a total of 497,282 shares of company stock worth $64,885,042 over the last three months. Insiders own 9.59% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $128.11 on Friday. DoorDash, Inc. has a 12-month low of $56.96 and a 12-month high of $143.34. The company has a 50-day moving average price of $130.98 and a 200 day moving average price of $108.20.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share (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 firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the business posted ($0.63) earnings per share. DoorDash’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, equities research analysts expect that DoorDash, Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Benchmark assumed coverage on shares of DoorDash in a research report on Thursday, April 4th. They set a “buy” rating and a $165.00 target price on the stock. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Truist Financial 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 Wednesday, March 27th. Royal Bank of Canada raised shares of DoorDash from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $130.00 to $175.00 in a research report on Monday, March 4th. Finally, JMP Securities boosted their target price on shares of DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 27th. Nine 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.52.

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.