Tokio Marine Asset Management Co. Ltd. Has $2.04 Million Stake in DoorDash, Inc. (NASDAQ:DASH)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,172 shares of the company’s stock after buying an additional 950 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in DoorDash were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in DASH. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 8,073,882 shares in the last quarter. Capital World Investors raised its stake in shares of DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares in the last quarter. Invesco Ltd. raised its stake in shares of DoorDash by 41.9% in the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company’s stock valued at $877,269,000 after acquiring an additional 1,416,194 shares in the last quarter. Nuveen LLC bought a new position in shares of DoorDash in the 1st quarter valued at approximately $211,415,000. Finally, Deutsche Bank AG raised its stake in shares of DoorDash by 111.3% in the 1st quarter. Deutsche Bank AG now owns 2,009,699 shares of the company’s stock valued at $367,313,000 after acquiring an additional 1,058,731 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on DASH shares. UBS Group lifted their price target on DoorDash from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. BMO Capital Markets lifted their price target on DoorDash from $238.00 to $288.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Wedbush reaffirmed a “neutral” rating on shares of DoorDash in a research report on Friday, August 8th. Needham & Company LLC set a $300.00 price target on DoorDash and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, DA Davidson lifted their price target on DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Twelve investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.88.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 51,250 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $255.89, for a total value of $13,114,362.50. Following the transaction, the chief executive officer owned 520,450 shares of the company’s stock, valued at approximately $133,177,950.50. The trade was a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the sale, the director owned 22,545 shares of the company’s stock, valued at approximately $6,216,558.30. The trade was a 68.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 686,437 shares of company stock worth $161,070,166 in the last three months. Company insiders own 5.83% of the company’s stock.

DoorDash Price Performance

DoorDash stock opened at $254.20 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $107.72 billion, a P/E ratio of 141.22 and a beta of 1.70. The business’s fifty day moving average is $238.66 and its two-hundred day moving average is $208.04. DoorDash, Inc. has a 52 week low of $122.32 and a 52 week high of $278.15.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.38) earnings per share. Equities research analysts forecast 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.