Tokio Marine Asset Management Co. Ltd. Buys New Shares in DoorDash, Inc. (NASDAQ:DASH)

Tokio Marine Asset Management Co. Ltd. bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,551 shares of the company’s stock, valued at approximately $1,363,000.

Several other large investors also recently modified their holdings of the stock. Baillie Gifford & Co. boosted its position in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the period. Capital World Investors grew its holdings in shares of DoorDash by 0.8% during the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after purchasing an additional 74,504 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after purchasing an additional 242,956 shares during the period. Janus Henderson Group PLC grew its stake in DoorDash by 11,416.7% during the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after buying an additional 3,425,115 shares in the last quarter. Finally, Dragoneer Investment Group LLC lifted its holdings in shares of DoorDash by 77.9% during 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 period. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Down 2.5 %

Shares of NASDAQ DASH opened at $169.43 on Friday. DoorDash, Inc. has a 52-week low of $92.56 and a 52-week high of $178.16. The company has a market cap of $70.38 billion, a PE ratio of -376.51, a PEG ratio of 14.79 and a beta of 1.67. The firm’s 50-day moving average price is $149.01 and its 200-day moving average price is $127.00.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) earnings per share. As a group, equities research analysts anticipate that DoorDash, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DASH shares. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target on the stock in a report on Wednesday, September 25th. Susquehanna boosted their price objective on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Oppenheimer boosted their price target on DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Needham & Company LLC increased their price objective on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company raised their price target on shares of DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.03.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the transaction, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at $50,651,994.72. This represents a 1.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. Insiders have sold 324,539 shares of company stock valued at $46,439,330 over the last ninety days. 7.92% of the stock is owned by insiders.

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.