Nissay Asset Management Corp Japan ADV Buys 5,512 Shares of DoorDash, Inc. (NASDAQ:DASH)

Nissay Asset Management Corp Japan ADV lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,558 shares of the company’s stock after purchasing an additional 5,512 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in DoorDash were worth $12,964,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DASH. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC purchased a new position in DoorDash during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash during the fourth quarter worth about $34,000. IFP Advisors Inc grew its position in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after buying an additional 69 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares of the company’s stock, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the transaction, the director now directly owns 14,778 shares of the company’s stock, valued at $3,006,584.10. This represents a 8.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,573 shares of company stock valued at $30,407,073. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the subject of several recent analyst reports. FBN Securities initiated coverage on DoorDash in a research report on Friday, March 28th. They set an “outperform” rating and a $230.00 target price for the company. DA Davidson boosted their target price on DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Wells Fargo & Company reduced their target price on DoorDash from $201.00 to $198.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 7th. Piper Sandler reiterated a “neutral” rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $210.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $209.97.

DoorDash Price Performance

DASH opened at $196.84 on Thursday. The business has a 50 day simple moving average of $185.28 and a two-hundred day simple moving average of $181.52. The firm has a market capitalization of $82.69 billion, a price-to-earnings ratio of 729.04 and a beta of 1.68. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company posted ($0.06) EPS. DoorDash’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

DoorDash 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.