Nomura Asset Management Co. Ltd. Acquires 13,121 Shares of DoorDash, Inc. $DASH

Nomura Asset Management Co. Ltd. raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 9.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 156,960 shares of the company’s stock after purchasing an additional 13,121 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in DoorDash were worth $35,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. increased its stake in shares of DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the period. Eastern Bank increased its stake in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. ST Germain D J Co. Inc. bought a new position in shares of DoorDash during the fourth quarter worth approximately $29,000. Sunbelt Securities Inc. increased its stake in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the period. Finally, Morse Asset Management Inc bought a new position in shares of DoorDash during the third quarter worth approximately $36,000. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of recent research reports. Moffett Nathanson set a $276.00 target price on DoorDash in a research note on Wednesday, April 15th. UBS Group raised their price objective on DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. BTIG Research restated a “buy” rating and set a $280.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Weiss Ratings upgraded DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Oppenheimer lowered their price objective on DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $259.58.

Insider Buying and Selling at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the sale, the director owned 31,002 shares in the company, valued at $5,475,263.22. The trade was a 3.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the sale, the director owned 19,279 shares in the company, valued at $2,891,850. This represents a 52.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 69,808 shares of company stock worth $11,135,403 over the last three months. 5.83% of the stock is owned by corporate insiders.

DoorDash Trading Up 3.4%

Shares of DASH stock opened at $164.78 on Tuesday. The firm has a market capitalization of $71.80 billion, a P/E ratio of 78.47 and a beta of 1.83. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $162.32 and its 200 day simple moving average is $186.94.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.DoorDash’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. As a group, sell-side analysts predict that DoorDash, Inc. will post 2.45 EPS for the current fiscal year.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.