Jefferies Financial Group Inc. Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Jefferies Financial Group Inc. acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,844 shares of the company’s stock, valued at approximately $813,000.

A number of other institutional investors have also recently bought and sold shares of DASH. Norges Bank acquired a new stake in DoorDash during the 4th quarter worth about $597,443,000. Capital World Investors boosted its position in DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after acquiring an additional 2,538,160 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after acquiring an additional 1,869,866 shares during the period. Franklin Resources Inc. boosted its position in DoorDash by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock worth $796,781,000 after acquiring an additional 949,414 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in DoorDash during the 4th quarter worth about $146,094,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Up 0.1%

Shares of DASH stock opened at $197.10 on Friday. The stock has a 50-day moving average price of $185.67 and a 200 day moving average price of $181.82. The firm has a market cap of $82.80 billion, a price-to-earnings ratio of 730.00 and a beta of 1.68. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $215.25.

DoorDash (NASDAQ:DASH) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion during 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%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.06) EPS. Sell-side analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Oppenheimer restated a “hold” rating on shares of DoorDash in a research report on Monday, March 10th. UBS Group reduced their price target on DoorDash from $197.00 to $196.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Roth Mkm lifted their price target on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price target on DoorDash from $205.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, FBN Securities initiated coverage on DoorDash in a report on Friday, March 28th. They set an “outperform” rating and a $230.00 price target for the company. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.97.

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the transaction, the director now owns 18,285 shares in the company, valued at $3,313,424.85. The trade was a 71.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Tia Sherringham sold 12,088 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the completion of the transaction, the general counsel now owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This represents a 9.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,573 shares of company stock valued at $30,407,073. Corporate insiders own 5.83% 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.