Janus Henderson Group PLC Buys 3,707 Shares of DoorDash, Inc. (NASDAQ:DASH)

Janus Henderson Group PLC raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.1% in the fourth quarter, according to its most recent filing 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 approximately 1.33% of DoorDash worth $928,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pittenger & Anderson Inc. acquired a new position in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC bought a new position in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the 4th quarter valued at about $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc grew its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of several recent analyst reports. Susquehanna boosted their price target on DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research note on Thursday, February 13th. Wedbush reissued an “outperform” rating on shares of DoorDash in a research note on Wednesday. Roth Mkm lifted their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Mizuho increased their price objective 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. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $210.00 target price (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $209.97.

DoorDash Price Performance

NASDAQ:DASH opened at $183.56 on Friday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The business has a fifty day simple moving average of $184.61 and a two-hundred day simple moving average of $180.84. The company has a market capitalization of $77.11 billion, a P/E ratio of 679.85 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The business 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 quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS. As a group, analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $187.22, for a total transaction of $266,788.50. Following the sale, the chief financial officer now directly owns 337,430 shares in the company, valued at $63,173,644.60. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 owns 14,778 shares of the company’s stock, valued at $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. In the last ninety days, insiders have sold 158,573 shares of company stock worth $30,407,073. 7.92% of the stock is owned by corporate insiders.

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.