Janus Henderson Group PLC Increases Stake in DoorDash, Inc. (NASDAQ:DASH)

Janus Henderson Group PLC grew its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,533,288 shares of the company’s stock after buying an additional 700,465 shares during the quarter. Janus Henderson Group PLC’s holdings in DoorDash were worth $789,766,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DASH. Baillie Gifford & Co. increased its holdings in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Dragoneer Investment Group LLC increased its holdings in shares of DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after purchasing an additional 1,246,567 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of DoorDash by 16.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,787,843 shares of the company’s stock valued at $303,262,000 after purchasing an additional 392,300 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of DoorDash by 10.2% in the 3rd 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, Bank of New York Mellon Corp increased its holdings in shares of DoorDash by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,387,113 shares of the company’s stock valued at $150,890,000 after purchasing an additional 188,612 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity

In other news, CEO Tony Xu sold 108,334 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total transaction of $19,507,703.38. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $270,105. This trade represents a 98.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Tia Sherringham sold 12,950 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $2,201,241.00. Following the sale, the general counsel now directly owns 145,917 shares of the company’s stock, valued at $24,802,971.66. The trade was a 8.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 654,596 shares of company stock worth $104,128,585 over the last 90 days. Company insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

NASDAQ DASH opened at $176.37 on Tuesday. The company’s 50 day moving average price is $158.11 and its 200 day moving average price is $131.31. DoorDash, Inc. has a one year low of $93.33 and a one year high of $181.30.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) earnings per share. Equities analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Analyst Ratings Changes

DASH has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Mizuho increased their price objective on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Benchmark increased their price objective on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Piper Sandler increased their price objective on shares of DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a research note on Wednesday, September 25th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $166.06.

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.