DoorDash, Inc. (NYSE:DASH) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in shares of DoorDash, Inc. (NYSE:DASH) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 270,390 shares of the company’s stock after selling 31,698 shares during the period. Russell Investments Group Ltd. owned 0.07% of DoorDash worth $20,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC grew its stake in DoorDash by 9.8% during the second quarter. Signaturefd LLC now owns 1,753 shares of the company’s stock worth $134,000 after buying an additional 156 shares during the period. CWM LLC grew its stake in DoorDash by 10.6% during the first quarter. CWM LLC now owns 1,952 shares of the company’s stock worth $124,000 after buying an additional 187 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in DoorDash by 29.3% during the second quarter. ANTIPODES PARTNERS Ltd now owns 1,350 shares of the company’s stock worth $103,000 after buying an additional 306 shares during the period. Carmel Capital Partners LLC grew its stake in DoorDash by 7.9% during the second quarter. Carmel Capital Partners LLC now owns 4,456 shares of the company’s stock worth $341,000 after buying an additional 326 shares during the period. Finally, Manchester Capital Management LLC purchased a new stake in DoorDash during the first quarter worth approximately $25,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of several analyst reports. Roth Mkm upped their target price on shares of DoorDash from $73.00 to $91.00 and gave the company a “neutral” rating in a research note on Thursday, August 3rd. JPMorgan Chase & Co. upped their target price on shares of DoorDash from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Wedbush upped their target price on shares of DoorDash from $85.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Moffett Nathanson downgraded shares of DoorDash from an “outperform” rating to a “market perform” rating in a research note on Friday, September 15th. Finally, Truist Financial upped their target price on shares of DoorDash from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.18.

Insider Transactions at DoorDash

In other news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $77.18, for a total value of $54,026.00. Following the sale, the director now owns 74,317 shares in the company, valued at $5,735,786.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $77.18, for a total value of $54,026.00. Following the sale, the director now owns 74,317 shares in the company, valued at $5,735,786.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 67,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $77.23, for a total transaction of $5,174,410.00. Following the completion of the sale, the director now owns 45,296 shares in the company, valued at approximately $3,498,210.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 862,500 shares of company stock worth $71,154,301. Insiders own 9.59% of the company’s stock.

DoorDash Stock Performance

Shares of DASH opened at $95.75 on Tuesday. DoorDash, Inc. has a twelve month low of $45.93 and a twelve month high of $96.01. The firm has a market cap of $38.13 billion, a PE ratio of -35.59 and a beta of 1.61. The firm’s 50 day moving average price is $80.53 and its 200 day moving average price is $77.91.

DoorDash (NYSE:DASH) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.26. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.09 billion. DoorDash had a negative net margin of 12.81% and a negative return on equity of 9.88%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.77) earnings per share. On average, sell-side analysts anticipate that DoorDash, Inc. will post -1.26 earnings per share for the current fiscal year.

DoorDash Profile

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.