Asset Management One Co. Ltd. Has $37.14 Million Stock Position in DoorDash, Inc. $DASH

Asset Management One Co. Ltd. boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 3.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 150,650 shares of the company’s stock after acquiring an additional 4,510 shares during the period. Asset Management One Co. Ltd.’s holdings in DoorDash were worth $37,137,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of DASH. Vanguard Group Inc. lifted its stake in DoorDash by 25.8% in the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company’s stock valued at $7,200,642,000 after purchasing an additional 8,073,882 shares during the last quarter. AQR Capital Management LLC lifted its position in DoorDash by 442.5% during the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company’s stock worth $321,799,000 after acquiring an additional 1,497,636 shares during the last quarter. Invesco Ltd. lifted its position in DoorDash by 41.9% during the first quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock worth $877,269,000 after acquiring an additional 1,416,194 shares during the last quarter. Nuveen LLC acquired a new stake in DoorDash during the first quarter worth approximately $211,415,000. Finally, Deutsche Bank AG lifted its position in DoorDash by 111.3% during the first quarter. Deutsche Bank AG now owns 2,009,699 shares of the company’s stock worth $367,313,000 after acquiring an additional 1,058,731 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 41,881 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the transaction, the chief operating officer directly owned 914,547 shares in the company, valued at $224,813,943.54. The trade was a 4.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $247.11, for a total transaction of $11,221,265.10. Following the transaction, the director owned 26,070 shares of the company’s stock, valued at approximately $6,442,157.70. This represents a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 932,156 shares of company stock valued at $233,565,302. 5.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DASH shares. Susquehanna raised their price objective on shares of DoorDash from $235.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, August 11th. Needham & Company LLC set a $300.00 price objective on shares of DoorDash and gave the stock a “buy” rating in a research report on Thursday, August 7th. Citigroup restated an “outperform” rating on shares of DoorDash in a research report on Thursday, August 7th. JMP Securities raised their price objective on shares of DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. Finally, Guggenheim upgraded shares of DoorDash to a “strong-buy” rating in a research report on Wednesday, October 15th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $287.79.

DoorDash Stock Up 1.4%

NASDAQ DASH opened at $258.15 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 1-year low of $152.26 and a 1-year high of $285.50. The company has a 50 day moving average of $259.75 and a 200-day moving average of $232.56. The company has a market cap of $110.28 billion, a price-to-earnings ratio of 143.42 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the business earned ($0.38) earnings per share. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. On average, equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.