Teacher Retirement System of Texas Has $7.70 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Teacher Retirement System of Texas raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 2,145.2% during the fourth quarter, Holdings Channel reports. The firm owned 45,892 shares of the company’s stock after buying an additional 43,848 shares during the period. Teacher Retirement System of Texas’ holdings in DoorDash were worth $7,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its holdings in shares of DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after acquiring an additional 272,659 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after acquiring an additional 700,465 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after acquiring an additional 267,855 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of DoorDash by 7.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,466,100 shares of the company’s stock worth $494,716,000 after acquiring an additional 252,600 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent analyst reports. KeyCorp boosted their target price on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Barclays boosted their price objective on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of DoorDash from $155.00 to $205.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Mizuho boosted their price objective on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Stock Down 1.2 %

Shares of DASH stock opened at $190.62 on Friday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm has a market capitalization of $80.08 billion, a price-to-earnings ratio of 706.00 and a beta of 1.70. The firm has a fifty day moving average of $189.72 and a 200-day moving average of $169.70.

Insider Activity

In related news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $168.53, for a total value of $3,370,600.00. Following the completion of the transaction, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $155,927,663.66. This represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $170.01, for a total transaction of $8,500,500.00. Following the completion of the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at approximately $2,750,081.76. The trade was a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 363,730 shares of company stock valued at $63,922,178 in the last quarter. Company insiders own 7.92% 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.