Treasurer of the State of North Carolina Purchases 3,880 Shares of DoorDash, Inc. (NASDAQ:DASH)

Treasurer of the State of North Carolina lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 155,475 shares of the company’s stock after buying an additional 3,880 shares during the period. Treasurer of the State of North Carolina’s holdings in DoorDash were worth $26,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DASH. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash during the 4th quarter worth $29,000. Denver PWM LLC bought a new position in DoorDash in the 4th quarter worth $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash in the 4th quarter worth $34,000. ORG Wealth Partners LLC purchased a new position in DoorDash during the fourth quarter valued at $36,000. Finally, IFP Advisors Inc grew its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares during the period. 90.64% of the stock is currently owned by institutional investors.

DoorDash Trading Down 5.3 %

DoorDash stock opened at $178.52 on Friday. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm has a 50-day moving average price of $190.55 and a 200-day moving average price of $175.08. The firm has a market capitalization of $75.00 billion, a PE ratio of 661.19 and a beta of 1.69.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Loop Capital lifted their price target on shares of DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, February 24th. The Goldman Sachs Group upped their price target on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Wolfe Research raised their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on shares of DoorDash from $198.00 to $201.00 and gave the stock an “equal weight” rating in a report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.12.

Insiders Place Their Bets

In other news, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $167,307,894.26. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 1,398 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares of the company’s stock, valued at $3,006,584.10. The trade was a 8.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,523 shares of company stock valued at $38,726,620 over the last 90 days. Insiders own 7.92% of the company’s stock.

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.