Tokio Marine Asset Management Co. Ltd. Purchases Shares of 9,551 DoorDash, Inc. (NASDAQ:DASH)

Tokio Marine Asset Management Co. Ltd. bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,551 shares of the company’s stock, valued at approximately $1,363,000.

A number of other large investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of DoorDash by 31.6% in the first quarter. Empowered Funds LLC now owns 5,732 shares of the company’s stock valued at $789,000 after purchasing an additional 1,375 shares during the period. US Bancorp DE increased its holdings in DoorDash by 15.6% during the 1st quarter. US Bancorp DE now owns 7,948 shares of the company’s stock valued at $1,095,000 after acquiring an additional 1,074 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of DoorDash by 1,568.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 41,169 shares of the company’s stock valued at $5,670,000 after purchasing an additional 38,702 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of DoorDash by 37.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 6,490 shares of the company’s stock worth $894,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in DoorDash in the 1st quarter valued at approximately $2,969,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DoorDash

In other news, COO Prabir Adarkar sold 32,124 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares of the company’s stock, valued at approximately $142,528,281.06. This represents a 3.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $149.83, for a total value of $7,491,500.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at $2,710,274.87. This represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DASH shares. Barclays increased their price objective on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Wells Fargo & Company raised their price objective on shares of DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. UBS Group boosted their price objective on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Roth Mkm lifted their target price on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Piper Sandler lifted their price objective on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $164.03.

DoorDash Stock Down 2.5 %

DASH stock opened at $169.43 on Friday. The company has a market cap of $70.38 billion, a PE ratio of -376.51, a price-to-earnings-growth ratio of 14.79 and a beta of 1.67. DoorDash, Inc. has a 52 week low of $92.56 and a 52 week high of $178.16. The business has a 50-day simple moving average of $149.01 and a 200 day simple moving average of $127.00.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned ($0.19) earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. On average, analysts anticipate that DoorDash, Inc. will post 0.24 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.