DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 67.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,488 shares of the company’s stock after purchasing an additional 26,422 shares during the quarter. Daiwa Securities Group Inc.’s holdings in DoorDash were worth $6,476,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Raymond James & Associates lifted its stake in DoorDash by 123.4% during the first quarter. Raymond James & Associates now owns 6,286 shares of the company’s stock valued at $737,000 after buying an additional 3,472 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of DoorDash by 43.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,825 shares of the company’s stock worth $448,000 after purchasing an additional 1,153 shares in the last quarter. American Century Companies Inc. grew its position in DoorDash by 18.3% during the first quarter. American Century Companies Inc. now owns 4,444 shares of the company’s stock valued at $521,000 after purchasing an additional 689 shares in the last quarter. US Bancorp DE lifted its position in DoorDash by 204.6% in the 1st quarter. US Bancorp DE now owns 926 shares of the company’s stock worth $109,000 after buying an additional 622 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of DoorDash by 305.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company’s stock valued at $415,000 after acquiring an additional 2,677 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on DASH. Mizuho increased their price objective on DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 16th. Wells Fargo & Company lifted their price target on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Royal Bank of Canada raised shares of DoorDash from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $130.00 to $175.00 in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Loop Capital started coverage on shares of DoorDash in a report on Friday. They set a “buy” rating and a $170.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.52.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction on Friday, February 16th. The shares were sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the transaction, the director now owns 40,969 shares in the company, valued at $4,529,942.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 67,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the sale, the director now directly owns 40,969 shares of the company’s stock, valued at approximately $4,529,942.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 497,282 shares of company stock valued at $64,885,042. Company insiders own 9.59% of the company’s stock.

DoorDash Stock Down 0.6 %

DASH stock opened at $130.10 on Friday. DoorDash, Inc. has a twelve month low of $56.59 and a twelve month high of $143.34. The business’s fifty day moving average is $130.22 and its 200-day moving average is $106.42. The company has a market cap of $52.56 billion, a P/E ratio of -90.98, a price-to-earnings-growth ratio of 15.34 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. DoorDash’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.63) earnings per share. Research analysts anticipate that DoorDash, Inc. will post 0.2 earnings per share 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.