Meiji Yasuda Asset Management Co Ltd. Acquires 260 Shares of DoorDash, Inc. (NASDAQ:DASH)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 6.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,510 shares of the company’s stock after acquiring an additional 260 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in DoorDash were worth $757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB raised its stake in shares of DoorDash by 3.3% during the fourth quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after acquiring an additional 5,539 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after purchasing an additional 3,498 shares during the period. LVW Advisors LLC bought a new stake in DoorDash during the 4th quarter valued at $236,000. Nordea Investment Management AB lifted its holdings in shares of DoorDash by 37.5% in the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company’s stock worth $294,701,000 after buying an additional 476,360 shares during the period. Finally, Retireful LLC grew its position in shares of DoorDash by 121.4% during the 4th quarter. Retireful LLC now owns 9,621 shares of the company’s stock worth $1,614,000 after buying an additional 5,275 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DASH shares. Barclays lifted 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. Wells Fargo & Company upped their price target 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. Wolfe Research lifted their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Wedbush upped their target price on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Finally, Argus upgraded 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-four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Price Performance

Shares of DoorDash stock opened at $194.02 on Friday. The stock has a market cap of $81.51 billion, a PE ratio of 718.59 and a beta of 1.70. The firm has a fifty day moving average price of $191.84 and a 200 day moving average price of $171.37. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $170.35, for a total value of $18,454,356.20. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,525. This represents a 98.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. This trade represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 358,445 shares of company stock worth $63,443,370. Insiders own 7.92% of the company’s stock.

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.