Mitsubishi UFJ Asset Management Co. Ltd. Purchases 18,493 Shares of DoorDash, Inc. (NASDAQ:DASH)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,946 shares of the company’s stock after purchasing an additional 18,493 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of DoorDash worth $53,178,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Raymond James Trust N.A. acquired a new stake in shares of DoorDash in the 3rd quarter worth about $216,000. Townsquare Capital LLC increased its holdings in DoorDash by 129.6% during the 3rd quarter. Townsquare Capital LLC now owns 5,640 shares of the company’s stock worth $805,000 after purchasing an additional 3,184 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of DoorDash by 108.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 73,117 shares of the company’s stock worth $10,436,000 after purchasing an additional 38,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of DoorDash by 10.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,715,539 shares of the company’s stock valued at $244,859,000 after purchasing an additional 159,449 shares in the last quarter. Finally, Vinva Investment Management Ltd boosted its position in shares of DoorDash by 2.9% during the third quarter. Vinva Investment Management Ltd now owns 13,628 shares of the company’s stock valued at $1,938,000 after buying an additional 383 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

NASDAQ DASH opened at $182.61 on Friday. The company’s 50 day simple moving average is $192.00 and its two-hundred day simple moving average is $171.77. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock has a market capitalization of $76.71 billion, a PE ratio of 676.33 and a beta of 1.70.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ravi Inukonda sold 14,715 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the completion of the transaction, the chief financial officer now owns 338,055 shares in the company, valued at approximately $66,434,568.60. This trade represents a 4.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 358,445 shares of company stock valued at $63,443,370. 7.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DASH shares. Evercore ISI restated an “outperform” rating on shares of DoorDash in a research note on Monday, March 10th. Royal Bank of Canada raised their price target on shares of DoorDash from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Barclays upped their price objective on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Wells Fargo & Company lifted their target price on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Finally, Argus raised DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Ten research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $207.21.

DoorDash 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.