Strs Ohio Has $14.42 Million Stock Position in DoorDash, Inc. $DASH

Strs Ohio grew its position in DoorDash, Inc. (NASDAQ:DASH) by 18.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,037 shares of the company’s stock after acquiring an additional 14,731 shares during the quarter. Strs Ohio’s holdings in DoorDash were worth $14,420,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Eastern Bank increased its position in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. MV Capital Management Inc. bought a new position in DoorDash in the fourth quarter worth $26,000. Swiss RE Ltd. acquired a new stake in DoorDash during the fourth quarter worth $28,000. ST Germain D J Co. Inc. acquired a new stake in DoorDash during the fourth quarter worth $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in DoorDash in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity

In other news, Director Shona L. Brown sold 582 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the sale, the director owned 31,156 shares in the company, valued at approximately $5,516,481.36. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the sale, the chief operating officer owned 959,076 shares of the company’s stock, valued at approximately $148,896,549. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 42,707 shares of company stock worth $7,113,039. 5.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DASH shares. DA Davidson lowered their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Piper Sandler lowered their price objective on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Moffett Nathanson set a $276.00 price target on DoorDash in a research note on Wednesday, April 15th. Finally, Truist Financial lowered their price target on DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $256.11.

DoorDash Price Performance

Shares of DoorDash stock opened at $192.01 on Friday. The stock has a market capitalization of $83.66 billion, a price-to-earnings ratio of 91.43 and a beta of 1.78. The firm’s 50-day moving average price is $165.99 and its two-hundred day moving average price is $180.55. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. DoorDash’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, equities analysts predict that DoorDash, Inc. will post 2.41 earnings per share for the current fiscal year.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.