Daiwa Securities Group Inc. Has $10.88 Million Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Daiwa Securities Group Inc. increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,825 shares of the company’s stock after acquiring an additional 621 shares during the quarter. Daiwa Securities Group Inc.’s holdings in DoorDash were worth $10,875,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DASH. Principal Financial Group Inc. lifted its stake in shares of DoorDash by 25.0% during the third quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock valued at $12,958,000 after acquiring an additional 18,155 shares during the period. Assetmark Inc. increased its holdings in DoorDash by 17.4% in the third quarter. Assetmark Inc. now owns 3,519 shares of the company’s stock valued at $502,000 after purchasing an additional 522 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in DoorDash by 39.0% in the third quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after purchasing an additional 119 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in DoorDash in the third quarter valued at about $219,000. Finally, Entropy Technologies LP increased its holdings in DoorDash by 71.0% in the third quarter. Entropy Technologies LP now owns 10,994 shares of the company’s stock valued at $1,569,000 after purchasing an additional 4,564 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $168.53, for a total value of $3,370,600.00. Following the completion of the sale, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at $155,927,663.66. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00. Following the completion of the sale, the director now directly owns 16,176 shares of the company’s stock, valued at approximately $2,857,652.16. The trade was a 75.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 572,062 shares of company stock valued at $101,051,440. Insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DASH shares. JMP Securities reiterated a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. Barclays upped their price objective on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. Mizuho upped their price objective on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Roth Mkm upped their price objective on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Bank of America increased their price target on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $177.86 on Tuesday. The stock has a 50 day moving average price of $186.94 and a 200 day moving average price of $166.24. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The stock has a market capitalization of $74.72 billion, a PE ratio of 658.74 and a beta of 1.70.

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.