4,844 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,844 shares of the company’s stock, valued at approximately $813,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in DoorDash by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after acquiring an additional 317,502 shares in the last quarter. Capital World Investors grew its position in DoorDash by 26.4% in the fourth 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. Franklin Resources Inc. grew its position in DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock valued at $796,781,000 after acquiring an additional 949,414 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company’s stock valued at $763,198,000 after buying an additional 86,667 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Up 0.1%

NASDAQ:DASH opened at $197.10 on Friday. The business’s 50-day moving average price is $185.67 and its 200 day moving average price is $181.82. The firm has a market cap of $82.80 billion, a P/E ratio of 730.00 and a beta of 1.68. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25.

DoorDash (NASDAQ:DASH) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. DoorDash’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.06) earnings per share. Sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $184.85, for a total value of $3,697,000.00. Following the completion of the transaction, the chief operating officer now owns 887,348 shares in the company, valued at $164,026,277.80. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 15,198 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the transaction, the chief financial officer now owns 351,970 shares of the company’s stock, valued at $71,840,596.70. This trade represents a 4.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock valued at $30,407,073 over the last three months. Company insiders own 5.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. FBN Securities assumed coverage on DoorDash in a research note on Friday, March 28th. They set an “outperform” rating and a $230.00 target price for the company. Truist Financial increased their target price on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Wedbush reiterated an “outperform” rating on shares of DoorDash in a research note on Wednesday, May 7th. Benchmark increased their target price on DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group increased their target price on DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $209.97.

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.