Asset Management One Co. Ltd. Grows Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Asset Management One Co. Ltd. grew its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 30.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,140 shares of the company's stock after buying an additional 34,300 shares during the period. Asset Management One Co. Ltd.'s holdings in DoorDash were worth $26,710,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DASH. IFP Advisors Inc boosted its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. ORG Partners LLC boosted its position in shares of DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after purchasing an additional 202 shares during the period. Rothschild Investment LLC boosted its position in shares of DoorDash by 1,452.9% during the 1st quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after purchasing an additional 247 shares during the period. Mizuho Securities Co. Ltd. boosted its position in shares of DoorDash by 150.0% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of DoorDash by 695.6% during the 4th quarter. Larson Financial Group LLC now owns 358 shares of the company's stock worth $60,000 after purchasing an additional 313 shares during the period. Hedge funds and other institutional investors own 90.64% of the company's stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,248 shares of DoorDash stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $231.70, for a total value of $289,161.60. Following the transaction, the director now directly owns 45,213 shares in the company, valued at approximately $10,475,852.10. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Keith Yandell sold 5,410 shares of DoorDash stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $204.53, for a total transaction of $1,106,507.30. Following the completion of the transaction, the insider now owns 104,922 shares in the company, valued at approximately $21,459,696.66. This represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 333,552 shares of company stock worth $67,677,166. 5.83% of the stock is owned by company insiders.

DoorDash Trading Up 3.0%

NASDAQ:DASH traded up $6.96 during midday trading on Thursday, hitting $239.64. 3,200,901 shares of the company were exchanged, compared to its average volume of 4,222,399. The company has a fifty day simple moving average of $203.65 and a 200 day simple moving average of $190.41. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $240.36. The company has a market capitalization of $101.55 billion, a PE ratio of 311.22 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business earned ($0.06) EPS. DoorDash's revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DASH shares. UBS Group lowered their price objective on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Raymond James Financial raised shares of DoorDash from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $215.00 to $260.00 in a research report on Monday. Wedbush reissued an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Wells Fargo & Company decreased their price target on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Finally, Morgan Stanley decreased their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $214.76.

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.