Calamos Advisors LLC Boosts Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Calamos Advisors LLC raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,664 shares of the company’s stock after purchasing an additional 18,100 shares during the quarter. Calamos Advisors LLC’s holdings in DoorDash were worth $29,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its holdings in 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 purchasing an additional 1,645,186 shares during the last quarter. State Street Corp grew its holdings in shares of DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock worth $1,055,616,000 after acquiring an additional 272,659 shares during the last quarter. Janus Henderson Group PLC grew its position in DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares in the last quarter. Geode Capital Management LLC grew its stake in DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock valued at $636,652,000 after acquiring an additional 267,855 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock valued at $570,135,000 after purchasing an additional 501,905 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,375. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock worth $181,434,201 in the last 90 days. Insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $190.80 on Tuesday. The firm has a market capitalization of $79.26 billion, a P/E ratio of -424.00, a P/E/G ratio of 1.97 and a beta of 1.71. The stock has a 50 day moving average price of $175.53 and a 200-day moving average price of $152.23. DoorDash, Inc. has a 52-week low of $99.32 and a 52-week high of $192.78.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DASH. Truist Financial raised their price target on shares of DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Benchmark boosted their price objective on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Bank of America lifted their price objective on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. DA Davidson boosted their price target on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, UBS Group increased their price target on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.39.

DoorDash Company Profile

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.