Calamos Advisors LLC Acquires 18,100 Shares of DoorDash, Inc. (NASDAQ:DASH)

Calamos Advisors LLC raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,664 shares of the company’s stock after acquiring an additional 18,100 shares during the quarter. Calamos Advisors LLC’s holdings in DoorDash were worth $29,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in DASH. Baillie Gifford & Co. grew its holdings in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. State Street Corp lifted its holdings in shares of DoorDash by 3.8% during the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after acquiring an additional 272,659 shares during the last quarter. Janus Henderson Group PLC grew its position in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after acquiring an additional 700,465 shares in the last quarter. Geode Capital Management LLC increased its stake in DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after acquiring an additional 267,855 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 14,219 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $2,416,945.62. Following the completion of the transaction, the chief financial officer now directly owns 380,993 shares in the company, valued at approximately $64,761,190.14. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

DASH has been the topic of several research reports. Piper Sandler lifted their price target on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Citigroup boosted their target price on DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Susquehanna boosted their price objective on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of DoorDash in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their target price on DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.39.

DoorDash Trading Up 1.0 %

NASDAQ:DASH opened at $190.80 on Tuesday. The company’s 50 day moving average is $175.53 and its two-hundred day moving average is $152.23. The company has a market cap of $79.26 billion, a PE ratio of -424.00, a P/E/G ratio of 1.97 and a beta of 1.71. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $192.78.

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.