DoorDash, Inc. (NASDAQ:DASH) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in DoorDash, Inc. (NASDAQ:DASH) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 319,834 shares of the company’s stock after purchasing an additional 24,829 shares during the period. Russell Investments Group Ltd.’s holdings in DoorDash were worth $31,706,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DASH. Fifth Third Bancorp increased its holdings in shares of DoorDash by 448.8% in the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after purchasing an additional 359 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of DoorDash by 361.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after buying an additional 307 shares during the last quarter. Covestor Ltd boosted its stake in shares of DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after buying an additional 253 shares during the last quarter. Valley National Advisers Inc. purchased a new stake in shares of DoorDash in the fourth quarter worth about $43,000. Finally, SJS Investment Consulting Inc. boosted its stake in shares of DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after buying an additional 98 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Prabir Adarkar sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total transaction of $839,120.00. Following the completion of the transaction, the chief operating officer now directly owns 928,900 shares in the company, valued at $97,432,321. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The disclosure for this sale can be found here. Insiders sold a total of 492,282 shares of company stock valued at $64,336,392 over the last quarter. 9.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DASH has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on DoorDash from $109.00 to $122.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Loop Capital initiated coverage on DoorDash in a research note on Friday, April 19th. They issued a “buy” rating and a $170.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their target price on DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. UBS Group lowered their price target on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Finally, JMP Securities increased their price target on DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 27th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.92.

DoorDash Stock Performance

NASDAQ:DASH opened at $129.26 on Wednesday. DoorDash, Inc. has a one year low of $60.36 and a one year high of $143.34. The stock has a market cap of $52.22 billion, a PE ratio of -90.39, a P/E/G ratio of 14.70 and a beta of 1.79. The stock has a 50 day moving average price of $131.63 and a 200 day moving average price of $109.34.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. DoorDash’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.63) EPS. As a group, analysts predict that DoorDash, Inc. will post 0.21 earnings per share for the current fiscal year.

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.