Illinois Municipal Retirement Fund Has $21.13 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Illinois Municipal Retirement Fund cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,951 shares of the company’s stock after selling 8,697 shares during the period. Illinois Municipal Retirement Fund’s holdings in DoorDash were worth $21,128,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in DoorDash during the 3rd quarter worth approximately $1,772,000. Ballentine Partners LLC lifted its holdings in DoorDash by 29.8% during the 3rd quarter. Ballentine Partners LLC now owns 2,850 shares of the company’s stock worth $407,000 after purchasing an additional 655 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in DoorDash by 14.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,676 shares of the company’s stock worth $10,763,000 after purchasing an additional 9,359 shares during the last quarter. Forsta AP Fonden lifted its holdings in DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in DoorDash by 8.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,660 shares of the company’s stock worth $1,664,000 after purchasing an additional 942 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $179.76, for a total value of $1,258,320.00. Following the transaction, the chief financial officer now directly owns 373,993 shares of the company’s stock, valued at approximately $67,228,981.68. The trade was a 1.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 115,432 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at $265,515. This trade represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 760,662 shares of company stock valued at $134,448,673. 7.92% of the stock is owned by insiders.

Analysts Set New Price Targets

DASH has been the topic of a number of recent research reports. Wolfe Research raised their price objective on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Mizuho lifted their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Cantor Fitzgerald lifted their price target on DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their price target on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, UBS Group lifted their price target on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $206.52.

DoorDash Price Performance

DASH opened at $195.87 on Tuesday. The firm’s fifty day moving average price is $182.89 and its two-hundred day moving average price is $161.81. The company has a market capitalization of $82.28 billion, a price-to-earnings ratio of 725.44 and a beta of 1.72. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.24.

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.