Nomura Asset Management Co. Ltd. Purchases 14,310 Shares of DoorDash, Inc. (NASDAQ:DASH)

Nomura Asset Management Co. Ltd. increased its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 14.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,273 shares of the company's stock after purchasing an additional 14,310 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in DoorDash were worth $15,739,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the period. State Street Corp lifted its holdings in shares of DoorDash by 3.8% during the third quarter. State Street Corp now owns 7,395,891 shares of the company's stock valued at $1,055,616,000 after purchasing an additional 272,659 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock valued at $789,766,000 after purchasing an additional 700,465 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of DoorDash by 7.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,466,100 shares of the company's stock worth $494,716,000 after buying an additional 252,600 shares during the last quarter. Finally, Dragoneer Investment Group LLC increased its position in DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company's stock valued at $309,755,000 after buying an additional 1,246,567 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

Shares of DASH stock traded up $2.51 on Wednesday, hitting $176.41. 3,062,980 shares of the stock traded hands, compared to its average volume of 3,741,918. The firm has a market cap of $73.28 billion, a price-to-earnings ratio of -392.02, a PEG ratio of 14.09 and a beta of 1.70. The firm has a 50 day simple moving average of $163.53 and a two-hundred day simple moving average of $134.69. DoorDash, Inc. has a 52 week low of $93.33 and a 52 week high of $181.30.

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

Analyst Upgrades and Downgrades

DASH has been the topic of several analyst reports. Royal Bank of Canada boosted their target price on DoorDash from $175.00 to $215.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Mizuho increased their price objective on shares of DoorDash from $162.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Citigroup lifted their target price on shares of DoorDash from $155.00 to $211.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Barclays raised their price target on shares of DoorDash from $120.00 to $163.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on DoorDash from $127.00 to $142.00 and gave the company an "equal weight" rating in a research report on Friday, October 4th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $167.27.

Insider Buying and Selling

In related news, insider Keith Yandell sold 4,474 shares of DoorDash stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $177.36, for a total value of $793,508.64. Following the completion of the transaction, the insider now owns 114,238 shares in the company, valued at approximately $20,261,251.68. This trade represents a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 115,432 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $265,515. This trade represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 843,196 shares of company stock worth $137,525,818. Corporate insiders own 7.92% of the company's stock.

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.