After this morning's -1.5% drop to $130.55 per share, DoorDash might just keep moving past its target price of $126.3. With an average analyst rating of buy, and target prices from $53.0 to $175.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 3.1%, and a short ratio of 2.45. The company's insiders own 0.69% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 92.4% of DoorDash's shares being owned by this investor type.
Institutions Invested in DoorDash
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Sc Us (ttgp), Ltd. | 9% | 31,699,721 | $4,138,398,673 |
| 2023-12-31 | Vanguard Group Inc | 8% | 29,303,496 | $3,825,571,492 |
| 2023-12-31 | Morgan Stanley | 7% | 27,197,627 | $3,550,650,287 |
| 2023-12-31 | Capital Research Global Investors | 5% | 17,817,622 | $2,326,090,606 |
| 2023-12-31 | Blackrock Inc. | 5% | 16,793,884 | $2,192,441,607 |
| 2023-12-31 | Baillie Gifford and Company | 3% | 12,775,622 | $1,667,857,491 |
| 2023-12-31 | JP Morgan Chase & Company | 3% | 9,501,371 | $1,240,404,013 |
| 2023-12-31 | SB Investment Advisers (UK) LTD | 3% | 9,465,912 | $1,235,774,840 |
| 2023-12-31 | Capital World Investors | 3% | 9,395,743 | $1,226,614,277 |
| 2023-12-31 | Galileo (ptc) Ltd | 2% | 7,689,812 | $1,003,904,980 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on DoorDash.
