DoorDash, Inc. (NYSE:DASH) Stock Holdings Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in DoorDash, Inc. (NYSE:DASH) by 10.5% in the 2nd quarter, according to its most recent 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. US Bancorp DE increased its position in shares of DoorDash by 8.1% in the 2nd quarter. US Bancorp DE now owns 6,559 shares of the company’s stock worth $501,000 after purchasing an additional 494 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of DoorDash by 5.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 956,921 shares of the company’s stock worth $73,128,000 after purchasing an additional 52,031 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of DoorDash by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 890,869 shares of the company’s stock worth $68,073,000 after purchasing an additional 93,755 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of DoorDash by 2.2% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 35,885 shares of the company’s stock worth $2,742,000 after purchasing an additional 757 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of DoorDash by 171.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 188,900 shares of the company’s stock worth $14,436,000 after purchasing an additional 119,400 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of DoorDash from $70.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, August 3rd. Barclays boosted their price objective on shares of DoorDash from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Bank of America boosted their price objective on shares of DoorDash from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of DoorDash from $95.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price objective on shares of DoorDash in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.18.

DoorDash Price Performance

DASH stock opened at $95.75 on Tuesday. DoorDash, Inc. has a 12 month low of $45.93 and a 12 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 has a 50 day simple moving average of $80.53 and a 200 day simple moving average of $77.91.

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

Insider Activity

In other news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $83.34, for a total transaction of $11,025,882.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other DoorDash news, Director Stanley Tang sold 93,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $83.76, for a total value of $7,789,680.00. Following the transaction, the director now owns 44,182 shares in the company, valued at approximately $3,700,684.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $83.34, for a total transaction of $11,025,882.00. The disclosure for this sale can be found here. Insiders have sold 862,500 shares of company stock worth $71,154,301 over the last 90 days. 9.59% of the stock is owned by company insiders.

DoorDash Company 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.