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

Nissay Asset Management Corp Japan ADV grew its holdings in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. grew its position in DoorDash by 25.0% during the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company's stock worth $12,958,000 after purchasing an additional 18,155 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock valued at $1,970,000 after buying an additional 84 shares during the last quarter. Wedmont Private Capital increased its stake in DoorDash by 4.0% in the 4th quarter. Wedmont Private Capital now owns 5,578 shares of the company's stock valued at $949,000 after buying an additional 215 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of DoorDash by 3.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company's stock valued at $414,000 after acquiring an additional 88 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in DoorDash by 422.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 202,340 shares of the company's stock valued at $33,943,000 after acquiring an additional 163,597 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. The trade was a 9.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the transaction, the chief financial officer now directly owns 337,430 shares of the company's stock, valued at approximately $63,173,644.60. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,573 shares of company stock valued at $30,407,073 over the last three months. Corporate insiders own 5.83% of the company's stock.

DoorDash Stock Down 1.4%

NASDAQ:DASH traded down $2.77 on Tuesday, hitting $199.41. The stock had a trading volume of 2,028,217 shares, compared to its average volume of 4,169,446. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The business's fifty day moving average is $186.32 and its 200 day moving average is $182.84. The company has a market cap of $84.50 billion, a PE ratio of 738.83 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. DoorDash's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) EPS. Equities analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DASH shares. Bank of America decreased their price target on DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Truist Financial lifted their price objective on shares of DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price target 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. Finally, Wells Fargo & Company lowered their price objective on shares of DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $209.97.

About DoorDash

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.