Public Sector Pension Investment Board Buys 9,563 Shares of DoorDash, Inc. $DASH

Public Sector Pension Investment Board raised its position in DoorDash, Inc. (NASDAQ:DASH) by 40.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 33,470 shares of the company’s stock after buying an additional 9,563 shares during the period. Public Sector Pension Investment Board’s holdings in DoorDash were worth $9,104,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenland Capital Management LP grew its position in DoorDash by 637.5% in the second quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock valued at $5,811,000 after purchasing an additional 20,376 shares in the last quarter. Geode Capital Management LLC lifted its position in DoorDash by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock worth $1,950,711,000 after buying an additional 223,188 shares in the last quarter. Caprock Group LLC acquired a new position in shares of DoorDash during the 3rd quarter worth about $3,169,000. Williamson Legacy Group LLC acquired a new position in shares of DoorDash during the 2nd quarter worth about $1,264,000. Finally, Brighton Jones LLC grew its holdings in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Trading Down 0.5%

DASH stock opened at $160.34 on Tuesday. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50. The stock has a market cap of $69.11 billion, a price-to-earnings ratio of 81.39 and a beta of 1.78. The company has a fifty day moving average price of $211.95 and a two-hundred day moving average price of $233.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 1,017 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total transaction of $218,797.38. Following the completion of the sale, the chief financial officer owned 208,412 shares in the company, valued at $44,837,757.68. The trade was a 0.49% 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, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $209.01, for a total value of $9,491,144.10. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 604,135 shares of company stock worth $124,509,080 in the last ninety days. Insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of several analyst reports. Bank of America dropped their target price on DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. KeyCorp lowered their price target on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. JPMorgan Chase & Co. cut their price objective on DoorDash from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Wall Street Zen cut shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, BTIG Research restated a “buy” rating and set a $315.00 target price on shares of DoorDash in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $280.24.

DoorDash Profile

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.