Janus Henderson Group PLC Increases Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Janus Henderson Group PLC grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,536,995 shares of the company’s stock after buying an additional 3,707 shares during the period. Janus Henderson Group PLC’s holdings in DoorDash were worth $928,829,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. bought a new position in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC purchased a new position in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash in the 4th quarter worth about $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash during the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc raised its holdings in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after buying an additional 54 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent research reports. Roth Capital set a $191.00 price target on shares of DoorDash and gave the company a “neutral” rating in a research report on Wednesday. Oppenheimer reissued a “hold” rating on shares of DoorDash in a research note on Monday, March 10th. KeyCorp reduced their price objective on DoorDash from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Citigroup reissued an “outperform” rating on shares of DoorDash in a research note on Monday, April 28th. Finally, DA Davidson lifted their price target on DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.97.

DoorDash Stock Performance

Shares of DoorDash stock opened at $183.56 on Friday. The company has a 50-day simple moving average of $184.61 and a two-hundred day simple moving average of $180.84. The stock has a market capitalization of $77.11 billion, a PE ratio of 679.85 and a beta of 1.68. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $215.25.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data 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 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. As a group, equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $184.85, for a total value of $3,697,000.00. Following the sale, the chief operating officer now owns 887,348 shares in the company, valued at approximately $164,026,277.80. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction 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 sale, the director now owns 18,285 shares of the company’s stock, valued at approximately $3,313,424.85. This represents a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders 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.