Daiwa Securities Group Inc. Boosts Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Daiwa Securities Group Inc. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,204 shares of the company's stock after purchasing an additional 5,784 shares during the quarter. Daiwa Securities Group Inc.'s holdings in DoorDash were worth $9,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of DASH. Baillie Gifford & Co. lifted its position in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in shares of DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company's stock worth $309,755,000 after acquiring an additional 1,246,567 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of DoorDash by 216.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company's stock worth $154,486,000 after acquiring an additional 739,961 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of DoorDash by 3,284.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company's stock worth $79,385,000 after acquiring an additional 708,218 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of DoorDash by 5,396.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company's stock worth $94,716,000 after acquiring an additional 651,525 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

DoorDash Stock Down 0.1 %

Shares of DoorDash stock traded down $0.09 on Tuesday, reaching $179.01. The stock had a trading volume of 2,740,449 shares, compared to its average volume of 3,802,039. The company has a 50 day moving average price of $154.57 and a 200 day moving average price of $129.52. DoorDash, Inc. has a 1 year low of $92.56 and a 1 year high of $181.30. The stock has a market capitalization of $74.36 billion, a P/E ratio of -397.80, a P/E/G ratio of 13.63 and a beta of 1.67.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash's revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the business earned ($0.19) EPS. On average, analysts forecast that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DoorDash news, insider Keith Yandell sold 5,509 shares of DoorDash stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $176.24, for a total transaction of $970,906.16. Following the completion of the sale, the insider now directly owns 118,712 shares in the company, valued at approximately $20,921,802.88. The trade was a 4.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the sale, the director now owns 18,089 shares of the company's stock, valued at approximately $3,123,427.63. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 553,262 shares of company stock worth $85,515,902 in the last three months. Corporate insiders own 7.92% of the company's stock.

Analyst Ratings Changes

DASH has been the subject of several analyst reports. BTIG Research upgraded shares of DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a report on Thursday, September 19th. Barclays raised their target price 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. JMP Securities raised their target price on shares of DoorDash from $160.00 to $190.00 and gave the stock a "market outperform" rating in a report on Thursday, October 31st. BMO Capital Markets raised their target price on shares of DoorDash from $140.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price target on shares of DoorDash from $142.00 to $161.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.03.

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.