Nisa Investment Advisors LLC Has $8.58 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Nisa Investment Advisors LLC raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 68.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 46,957 shares of the company's stock after acquiring an additional 19,132 shares during the period. Nisa Investment Advisors LLC's holdings in DoorDash were worth $8,582,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. New Mexico Educational Retirement Board acquired a new stake in shares of DoorDash in the 1st quarter valued at approximately $2,833,000. Greenleaf Trust raised its holdings in DoorDash by 10.2% in the first quarter. Greenleaf Trust now owns 2,665 shares of the company's stock worth $487,000 after purchasing an additional 246 shares during the period. OMNI 360 Wealth Inc. bought a new position in shares of DoorDash during the first quarter worth $261,000. Valeo Financial Advisors LLC grew its holdings in shares of DoorDash by 9.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,552 shares of the company's stock valued at $284,000 after buying an additional 133 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of DoorDash in the 1st quarter valued at $278,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Price Performance

Shares of DASH opened at $238.24 on Friday. The company's 50-day moving average is $216.05 and its 200-day moving average is $195.57. The firm has a market capitalization of $100.95 billion, a PE ratio of 309.41 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $248.74.

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, beating analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. DoorDash's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) EPS. Analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DASH has been the topic of several recent analyst reports. UBS Group reduced their target price on DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Wedbush reiterated an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Wall Street Zen raised DoorDash from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. DA Davidson lifted their price target on shares of DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $220.53.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 62,267 shares of DoorDash stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $202.67, for a total transaction of $12,619,652.89. Following the completion of the sale, the chief operating officer directly owned 942,554 shares of the company's stock, valued at approximately $191,027,419.18. This trade represents a 6.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tony Xu sold 44,244 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $220.71, for a total value of $9,765,093.24. Following the completion of the transaction, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $114,868,519.50. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,781 shares of company stock valued at $94,277,848 in the last ninety days. 5.83% of the stock is currently owned by company insiders.

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.

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