DoorDash, Inc. (NASDAQ:DASH) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,394 shares of the company’s stock after selling 531 shares during the period. Ontario Teachers Pension Plan Board’s holdings in DoorDash were worth $1,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pittenger & Anderson Inc. purchased a new position in DoorDash during the 4th quarter valued at about $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC acquired a new position in shares of DoorDash in the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc increased its stake in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DASH. Mizuho boosted their price target on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Barclays boosted their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Loop Capital increased their price target on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Oppenheimer reissued a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of DoorDash from $205.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $207.55.

Insider Activity

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares of the company’s stock, valued at $3,313,424.85. The trade was a 71.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the sale, the general counsel now directly owns 122,135 shares in the company, valued at approximately $24,848,365.75. The trade was a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 158,511 shares of company stock worth $30,308,544. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Down 0.2 %

NASDAQ:DASH opened at $181.55 on Wednesday. The firm’s fifty day simple moving average is $189.69 and its 200-day simple moving average is $175.88. The stock has a market cap of $76.27 billion, a PE ratio of 672.41 and a beta of 1.69. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $215.25.

About DoorDash

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.