Russell Investments Group Ltd. Has $151.25 Million Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Russell Investments Group Ltd. boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 6.0% in the 1st quarter, HoldingsChannel reports. The firm owned 827,692 shares of the company’s stock after acquiring an additional 46,681 shares during the period. Russell Investments Group Ltd.’s holdings in DoorDash were worth $151,247,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of DASH. Brighton Jones LLC lifted its stake in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of DoorDash by 6.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 92,012 shares of the company’s stock worth $15,435,000 after purchasing an additional 5,617 shares during the period. Sterling Capital Management LLC raised its holdings in DoorDash by 9.2% in the 4th quarter. Sterling Capital Management LLC now owns 13,262 shares of the company’s stock valued at $2,225,000 after acquiring an additional 1,116 shares in the last quarter. Townsquare Capital LLC raised its holdings in DoorDash by 12.6% in the 4th quarter. Townsquare Capital LLC now owns 6,349 shares of the company’s stock valued at $1,065,000 after acquiring an additional 709 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in DoorDash by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 12,376 shares of the company’s stock valued at $2,076,000 after acquiring an additional 802 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research analyst reports. Jefferies Financial Group raised their target price on shares of DoorDash from $250.00 to $265.00 and gave the company a “hold” rating in a research report on Monday. DA Davidson lifted their price target on shares of DoorDash from $150.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Oppenheimer lifted their target price on shares of DoorDash from $280.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Stifel Nicolaus upped their price objective on shares of DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Finally, KeyCorp reissued an “overweight” rating and set a $325.00 target price (up previously from $295.00) on shares of DoorDash in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $263.88.

Insider Transactions at DoorDash

In other DoorDash news, CEO Tony Xu sold 44,244 shares of DoorDash stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $220.71, for a total value of $9,765,093.24. Following the completion of the sale, the chief executive officer owned 520,450 shares in the company, valued at $114,868,519.50. The trade was a 7.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the sale, the director owned 22,545 shares of the company’s stock, valued at $6,216,558.30. The trade was a 68.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 635,187 shares of company stock worth $147,955,804. Corporate insiders own 5.83% of the company’s stock.

DoorDash Price Performance

NASDAQ:DASH opened at $256.09 on Tuesday. The firm has a market cap of $108.52 billion, a price-to-earnings ratio of 142.27 and a beta of 1.70. The company has a 50 day moving average price of $236.97 and a 200-day moving average price of $207.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. DoorDash, Inc. has a 1-year low of $121.44 and a 1-year high of $278.15.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.38) earnings per share. Equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current 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.