Jefferies Financial Group Inc. Cuts Holdings in DoorDash, Inc. $DASH

Jefferies Financial Group Inc. trimmed its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,825 shares of the company’s stock after selling 9,530 shares during the period. Jefferies Financial Group Inc.’s holdings in DoorDash were worth $7,434,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DASH. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Eastern Bank increased its stake in DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in DoorDash in the 4th quarter valued at approximately $29,000. Sunbelt Securities Inc. increased its stake in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in DoorDash in the 3rd quarter valued at approximately $36,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

Shares of DoorDash stock opened at $160.25 on Tuesday. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50. The stock has a market capitalization of $69.82 billion, a P/E ratio of 76.31 and a beta of 1.87. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is $162.93 and its 200 day moving average price is $188.71.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, research analysts anticipate that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Roth Mkm reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of DoorDash in a research note on Thursday, February 19th. Citigroup dropped their price objective on DoorDash from $280.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Rothschild & Co Redburn set a $350.00 price objective on DoorDash in a research note on Tuesday, May 12th. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Mizuho dropped their price objective on DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $259.58.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 21,433 shares of DoorDash stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the sale, the director directly owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. The trade was a 52.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the sale, the director directly owned 31,002 shares in the company, valued at approximately $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,683 shares of company stock worth $6,908,813 over the last quarter. 5.83% of the stock is owned by corporate insiders.

DoorDash Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.