Stifel Financial Corp Has $3.10 Million Holdings in DoorDash, Inc. (NASDAQ:DASH)

Stifel Financial Corp lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 23.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,724 shares of the company’s stock after purchasing an additional 4,056 shares during the quarter. Stifel Financial Corp’s holdings in DoorDash were worth $3,101,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Baillie Gifford & Co. lifted its stake in shares of DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after acquiring an additional 700,465 shares during the last quarter. Dragoneer Investment Group LLC lifted its position in DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after acquiring an additional 1,246,567 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of DoorDash by 16.4% in the second quarter. Renaissance Technologies LLC now owns 2,787,843 shares of the company’s stock worth $303,262,000 after purchasing an additional 392,300 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of DoorDash by 10.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,715,539 shares of the company’s stock valued at $244,859,000 after purchasing an additional 159,449 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DASH opened at $177.00 on Wednesday. The firm has a market capitalization of $73.53 billion, a P/E ratio of -393.33, a price-to-earnings-growth ratio of 13.56 and a beta of 1.70. DoorDash, Inc. has a one year low of $93.33 and a one year high of $181.78. The company has a fifty day moving average price of $166.24 and a 200-day moving average price of $136.69.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) EPS. On average, analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at DoorDash

In related news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Keith Yandell sold 7,980 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the sale, the insider now directly owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 843,196 shares of company stock valued at $139,848,818 over the last three months. 7.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays increased their price target on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. UBS Group increased their target price on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Piper Sandler boosted their price target on shares of DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. JMP Securities increased their price objective on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Finally, Truist Financial boosted their target price on DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.39.

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.