DoorDash, Inc. (NASDAQ:DASH) Stock Holdings Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,536,995 shares of the company's stock after purchasing an additional 3,707 shares during the quarter. Janus Henderson Group PLC owned about 1.33% of DoorDash worth $928,829,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of DoorDash in the fourth quarter valued at about $597,443,000. Capital World Investors boosted its stake in shares of DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after purchasing an additional 1,869,866 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 worth $796,781,000 after buying an additional 949,414 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in DoorDash during the 4th quarter worth $146,094,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DASH has been the subject of several research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. Susquehanna increased their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a research note on Thursday, February 13th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Benchmark boosted their target price on shares of DoorDash from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group increased their price target on shares of DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $209.97.

DoorDash Stock Performance

Shares of NASDAQ DASH traded down $0.50 during trading on Wednesday, hitting $197.30. The company had a trading volume of 569,425 shares, compared to its average volume of 4,163,882. The company has a market cap of $82.89 billion, a P/E ratio of 730.84 and a beta of 1.68. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The business's 50-day moving average is $184.91 and its 200 day moving average is $181.41.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly 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 company had revenue of $3.03 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) earnings per share. On average, research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the transaction, the chief financial officer now directly owns 337,430 shares of the company's stock, valued at $63,173,644.60. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andy Fang sold 1,398 shares of DoorDash 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 transaction, the director now directly owns 14,778 shares in the company, valued at approximately $3,006,584.10. This trade represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,573 shares of company stock valued at $30,407,073. Corporate insiders own 7.92% of the company's stock.

About DoorDash

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.