This afternoon we watched DoorDash drop -2.6% to a price of $78.83 per share. The large-cap Farm & Heavy Construction Machinery company is now trading -16.85% below its average target price of $94.8. Analysts have set target prices ranging from $47.0 to $125.0 per share for DoorDash, and have given the stock an average rating of buy.
DoorDash's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.8%. The stock's short ratio is 3.74. The company's insiders own 0.85% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 89.7%. In conclusion, we believe there is mixed market sentiment regarding DoorDash.
Institutions Invested in DoorDash
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Sc Us (ttgp), Ltd. | 10% | 34,925,126 | $2,753,147,746 |
| 2023-06-30 | Morgan Stanley | 7% | 27,116,577 | $2,137,599,814 |
| 2023-06-30 | Vanguard Group Inc | 7% | 26,261,659 | $2,070,206,627 |
| 2023-06-30 | Capital Research Global Investors | 5% | 18,244,537 | $1,438,216,885 |
| 2023-06-30 | Blackrock Inc. | 4% | 14,616,356 | $1,152,207,370 |
| 2023-06-30 | Baillie Gifford and Company | 3% | 12,254,555 | $966,026,593 |
| 2023-06-30 | SB Investment Advisers (UK) LTD | 3% | 11,943,082 | $941,473,175 |
| 2023-06-30 | Galileo (ptc) Ltd | 3% | 11,535,084 | $909,310,692 |
| 2023-06-30 | Sands Capital Management, LLC | 2% | 8,650,798 | $681,942,422 |
| 2023-06-30 | Capital World Investors | 2% | 7,994,552 | $630,210,548 |
