New York State Teachers Retirement System Sells 3,935 Shares of DoorDash, Inc. (NASDAQ:DASH)

New York State Teachers Retirement System cut its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,153 shares of the company’s stock after selling 3,935 shares during the period. New York State Teachers Retirement System’s holdings in DoorDash were worth $2,542,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its position in DoorDash by 36.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,980 shares of the company’s stock valued at $568,000 after buying an additional 1,058 shares during the last quarter. Signaturefd LLC boosted its position in DoorDash by 10.9% in the 3rd quarter. Signaturefd LLC now owns 4,885 shares of the company’s stock valued at $697,000 after buying an additional 480 shares during the last quarter. International Assets Investment Management LLC bought a new position in DoorDash in the 3rd quarter valued at $1,772,000. IFM Investors Pty Ltd boosted its position in DoorDash by 9.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 60,795 shares of the company’s stock valued at $8,677,000 after buying an additional 5,032 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of DoorDash by 29.8% in the 3rd quarter. Ballentine Partners LLC now owns 2,850 shares of the company’s stock worth $407,000 after purchasing an additional 655 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the completion of the sale, the chief operating officer now owns 925,222 shares in the company, valued at $167,307,894.26. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 812,035 shares of company stock worth $142,357,630. Company insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DASH. Oppenheimer raised their price target on DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Susquehanna raised their price target on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Mizuho raised their price target on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price target on DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised their price objective on DoorDash from $155.00 to $205.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.45.

DoorDash Stock Performance

DoorDash stock opened at $199.94 on Friday. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.24. The stock has a market capitalization of $83.05 billion, a P/E ratio of 740.52 and a beta of 1.72. The stock has a 50-day simple moving average of $182.56 and a 200 day simple moving average of $160.77.

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.