Nomura Asset Management Co. Ltd. Has $17.92 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Nomura Asset Management Co. Ltd. reduced its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,803 shares of the company's stock after selling 3,470 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in DoorDash were worth $17,916,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC bought a new stake in shares of DoorDash in the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the 4th quarter valued at approximately $34,000. ORG Wealth Partners LLC bought a new position in DoorDash during the 4th quarter worth $36,000. Finally, IFP Advisors Inc increased its position in DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after buying an additional 54 shares during the period. 90.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DASH shares. Wells Fargo & Company boosted their price target on shares of DoorDash from $198.00 to $201.00 and gave the company an "equal weight" rating in a report on Thursday. BMO Capital Markets reissued an "outperform" rating and set a $240.00 target price (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Truist Financial raised their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Morgan Stanley boosted their price objective on DoorDash from $160.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, KeyCorp increased their price objective on DoorDash from $180.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $207.29.

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Insider Activity

In other news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the sale, the general counsel now directly owns 122,135 shares of the company's stock, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,113 shares of company stock worth $38,998,374 over the last 90 days. 7.92% of the stock is owned by company insiders.

DoorDash Stock Performance

DASH traded down $13.82 during trading on Thursday, reaching $175.43. The company had a trading volume of 1,727,382 shares, compared to its average volume of 4,131,193. The firm's 50-day simple moving average is $192.48 and its 200 day simple moving average is $173.23. The company has a market cap of $73.70 billion, a price-to-earnings ratio of 649.74 and a beta of 1.70. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25.

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.