Oregon Public Employees Retirement Fund Purchases 500 Shares of DoorDash, Inc. $DASH

Oregon Public Employees Retirement Fund lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 29,600 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in DoorDash were worth $7,297,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Saudi Central Bank purchased a new stake in DoorDash in the first quarter worth about $25,000. WPG Advisers LLC bought a new stake in shares of DoorDash in the 1st quarter valued at about $26,000. Pacific Center for Financial Services bought a new position in shares of DoorDash during the first quarter valued at approximately $27,000. GFG Capital LLC bought a new position in DoorDash in the second quarter worth approximately $30,000. Finally, Harbour Investments Inc. boosted its position in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 34,166 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.24, for a total value of $9,164,687.84. Following the transaction, the chief executive officer directly owned 520,450 shares of the company’s stock, valued at approximately $139,605,508. This trade represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $268.20, for a total transaction of $8,046,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,001,054 shares of company stock valued at $249,511,188. Corporate insiders own 5.83% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the subject of a number of analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $325.00 price objective (up from $275.00) on shares of DoorDash in a research note on Thursday, August 7th. Oppenheimer increased their price target on shares of DoorDash from $280.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Needham & Company LLC set a $300.00 price objective on shares of DoorDash and gave the stock a “buy” rating in a research report on Thursday, August 7th. Benchmark increased their target price on shares of DoorDash from $260.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada raised their price objective on DoorDash from $230.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average price target of $275.27.

DoorDash Stock Down 3.4%

DASH stock opened at $266.02 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 52 week low of $143.37 and a 52 week high of $285.08. The stock has a market capitalization of $113.64 billion, a P/E ratio of 147.79 and a beta of 1.71. The firm has a 50-day simple moving average of $258.41 and a 200-day simple moving average of $227.20.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.38) earnings per share. Equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash Company 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.