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

Jefferies Financial Group Inc. purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,844 shares of the company's stock, valued at approximately $813,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in DoorDash by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company's stock worth $5,254,501,000 after acquiring an additional 317,502 shares in the last quarter. Capital World Investors lifted its holdings in shares of DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares in the last quarter. Franklin Resources Inc. increased its stake in DoorDash by 25.0% during the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after purchasing an additional 949,414 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of DoorDash by 1.9% during the fourth 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. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the transaction, the director now directly owns 18,285 shares in the company, valued at $3,313,424.85. This trade represents a 71.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 1,398 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares of the company's stock, valued at approximately $3,006,584.10. The trade was a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,573 shares of company stock worth $30,407,073. Corporate insiders own 5.83% of the company's stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of recent research reports. Evercore ISI restated an "outperform" rating on shares of DoorDash in a report on Monday, March 10th. Mizuho increased their target price on shares of DoorDash from $200.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Royal Bank of Canada reissued an "outperform" rating and set a $230.00 price target on shares of DoorDash in a research report on Wednesday, May 7th. Loop Capital increased their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Finally, Barclays boosted their target price on DoorDash from $163.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $209.97.

DoorDash Stock Performance

DoorDash stock traded up $0.18 during midday trading on Monday, hitting $202.18. 3,336,785 shares of the company's stock were exchanged, compared to its average volume of 4,177,053. The company has a market cap of $84.94 billion, a P/E ratio of 748.81 and a beta of 1.68. The stock has a 50-day moving average price of $186.03 and a two-hundred day moving average price of $182.51. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. DoorDash's revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) earnings per share. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

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.