Nissay Asset Management Corp Japan ADV Has $16.60 Million Position in DoorDash, Inc. $DASH

Nissay Asset Management Corp Japan ADV boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 18.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,842 shares of the company’s stock after buying an additional 14,284 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in DoorDash were worth $16,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new position in DoorDash during the 1st quarter worth about $25,000. WPG Advisers LLC acquired a new position in DoorDash during the 1st quarter worth about $26,000. Harbour Investments Inc. lifted its holdings in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after buying an additional 70 shares during the period. SouthState Corp lifted its holdings in DoorDash by 762.5% during the 1st quarter. SouthState Corp now owns 207 shares of the company’s stock worth $38,000 after buying an additional 183 shares during the period. Finally, ORG Partners LLC lifted its holdings in DoorDash by 404.0% during the 1st quarter. ORG Partners LLC now owns 252 shares of the company’s stock worth $46,000 after buying an additional 202 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on DoorDash from $230.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Stifel Nicolaus boosted their price objective on DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. Morgan Stanley boosted their price objective on DoorDash from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Bank of America boosted their price objective on DoorDash from $230.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Finally, Piper Sandler boosted their price objective on DoorDash from $210.00 to $290.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $264.65.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 17,083 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $250.50, for a total value of $4,279,291.50. Following the completion of the sale, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at $375,750. The trade was a 91.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 30,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $243.32, for a total value of $7,299,600.00. The disclosure for this sale can be found here. Insiders sold a total of 1,019,042 shares of company stock worth $248,122,219 over the last three months. Insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of DoorDash stock opened at $246.85 on Friday. DoorDash, Inc. has a one year low of $122.32 and a one year high of $278.15. The firm has a market capitalization of $105.45 billion, a price-to-earnings ratio of 137.14 and a beta of 1.70. The business has a 50-day simple moving average of $246.58 and a 200 day simple moving average of $214.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company posted ($0.38) EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. On average, research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash Company 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.