This evening we watched DoorDash rise 3.3% to a price of $113.88 per share. The Large-Cap Business Services company is now trading -16.28% below its average target price of $136.02. Analysts have set target prices ranging from $109.0 to $170.0 per share for DoorDash, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 3.9%, and a short ratio of 2.99. 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 90.6% of DoorDash's shares being owned by this investor type.
Institutions Invested in DoorDash
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Sc Us (ttgp), Ltd. | 9% | 31,656,849 | $3,605,081,877 |
| 2024-03-31 | Vanguard Group Inc | 7% | 26,931,623 | $3,066,973,153 |
| 2024-03-31 | Morgan Stanley | 7% | 26,295,159 | $2,994,492,634 |
| 2024-03-31 | Blackrock Inc. | 5% | 16,994,644 | $1,935,350,012 |
| 2024-03-31 | Capital Research Global Investors | 4% | 14,987,796 | $1,706,810,167 |
| 2024-03-31 | JP Morgan Chase & Company | 4% | 12,868,757 | $1,465,494,011 |
| 2024-03-31 | Baillie Gifford and Company | 3% | 12,403,247 | $1,412,481,734 |
| 2024-03-31 | Capital World Investors | 3% | 9,470,247 | $1,078,471,702 |
| 2024-03-31 | Newlands Management Operations LLC | 2% | 7,050,680 | $802,931,419 |
| 2024-03-31 | Sands Capital Management, LLC | 2% | 6,826,736 | $777,428,676 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on DoorDash.
