Jefferies Financial Group Inc. Has $2.33 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Key Points

• Jefferies Financial Group Inc. increased its stake in DoorDash by 162.6% in Q1, owning 12,722 shares valued at $2.33 million as of the end of the quarter.
• DoorDash reported earnings of $0.44 per share for the latest quarter, exceeding analysts' expectations, but its revenue fell slightly short of estimates at $3.03 billion.
• The stock has been upgraded by several analysts, with an average price target of $235.56, reflecting a generally favorable outlook for the company.

Jefferies Financial Group Inc. increased its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 162.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,722 shares of the company's stock after buying an additional 7,878 shares during the quarter. Jefferies Financial Group Inc.'s holdings in DoorDash were worth $2,325,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DASH. Capital World Investors increased its holdings 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 purchasing an additional 2,538,160 shares in the last quarter. Invesco Ltd. increased its holdings in DoorDash by 20.2% during the 4th quarter. Invesco Ltd. now owns 3,383,657 shares of the company's stock worth $567,609,000 after purchasing an additional 567,948 shares in the last quarter. Marshall Wace LLP increased its holdings in DoorDash by 0.6% during the 4th quarter. Marshall Wace LLP now owns 2,764,431 shares of the company's stock worth $463,733,000 after purchasing an additional 15,952 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in DoorDash by 46.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,515,861 shares of the company's stock worth $422,036,000 after purchasing an additional 800,322 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in DoorDash by 13.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,473,488 shares of the company's stock worth $414,928,000 after purchasing an additional 286,800 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Price Performance

NASDAQ:DASH opened at $248.35 on Monday. The company has a market cap of $105.24 billion, a P/E ratio of 322.54 and a beta of 1.70. The stock's fifty day moving average price is $230.64 and its two-hundred day moving average price is $203.92. DoorDash, Inc. has a 1 year low of $106.21 and a 1 year high of $252.87.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data 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. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the business posted ($0.06) earnings per share. The firm's revenue was up 20.7% compared to the same quarter last year. On average, analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 30,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $243.02, for a total value of $7,290,600.00. Following the sale, the chief operating officer owned 942,554 shares in the company, valued at approximately $229,059,473.08. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Shona L. Brown sold 825 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $250.00, for a total value of $206,250.00. Following the completion of the sale, the director owned 43,477 shares in the company, valued at $10,869,250. This trade represents a 1.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 508,127 shares of company stock valued at $115,087,539 in the last ninety days. 5.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent research reports. Bank of America boosted their price objective on DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. JMP Securities upped their target price on DoorDash from $235.00 to $250.00 and gave the company a "market outperform" rating in a report on Tuesday, July 15th. Stifel Nicolaus upped their target price on DoorDash from $198.00 to $214.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Wells Fargo & Company upped their target price on DoorDash from $198.00 to $239.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, BTIG Research upped their target price on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $235.56.

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.

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