Jefferies Financial Group Inc. Invests $813,000 in DoorDash, Inc. (NASDAQ:DASH)

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

A number of other large investors also recently modified their holdings of DASH. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash during the fourth quarter valued at approximately $29,000. Denver PWM LLC bought a new stake in DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC bought a new stake in DoorDash during the fourth quarter worth $34,000. IFP Advisors Inc lifted its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after buying an additional 54 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of DoorDash during the 4th quarter worth approximately $59,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Up 0.8%

Shares of DASH stock traded up $1.56 on Friday, reaching $206.14. The company's stock had a trading volume of 4,853,384 shares, compared to its average volume of 4,198,377. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The company has a market capitalization of $87.35 billion, a P/E ratio of 763.48 and a beta of 1.68. The stock's 50 day simple moving average is $189.04 and its 200-day simple moving average is $184.90.

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. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The firm's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. Research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho lifted their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Needham & Company LLC increased their price objective on DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Oppenheimer reissued a "hold" rating on shares of DoorDash in a report on Monday, March 10th. Finally, The Goldman Sachs Group increased their price objective on DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Eleven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.97.

Insider Activity at DoorDash

In other news, General Counsel Tia Sherringham sold 7,546 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $204.56, for a total transaction of $1,543,609.76. Following the transaction, the general counsel now directly owns 129,514 shares of the company's stock, valued at approximately $26,493,383.84. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 14,296 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $205.54, for a total value of $2,938,399.84. Following the completion of the sale, the chief financial officer now directly owns 380,037 shares of the company's stock, valued at approximately $78,112,804.98. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 222,736 shares of company stock valued at $43,334,336 over the last 90 days. 5.83% of the stock is owned by insiders.

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.