Russell Investments Group Ltd. Acquires 363,720 Shares of DoorDash, Inc. (NASDAQ:DASH)

Russell Investments Group Ltd. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 87.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 781,011 shares of the company’s stock after acquiring an additional 363,720 shares during the quarter. Russell Investments Group Ltd.’s holdings in DoorDash were worth $131,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its stake in shares of DoorDash by 9.6% during the 3rd quarter. Captrust Financial Advisors now owns 8,162 shares of the company’s stock valued at $1,165,000 after purchasing an additional 718 shares during the period. HighTower Advisors LLC increased its position in shares of DoorDash by 4.6% during the third quarter. HighTower Advisors LLC now owns 21,538 shares of the company’s stock valued at $3,054,000 after buying an additional 944 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of DoorDash by 5.7% in the third quarter. Royal London Asset Management Ltd. now owns 142,542 shares of the company’s stock worth $20,345,000 after buying an additional 7,660 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of DoorDash by 17.2% in the third quarter. Quantinno Capital Management LP now owns 67,776 shares of the company’s stock valued at $9,674,000 after acquiring an additional 9,946 shares during the period. Finally, Stifel Financial Corp grew its stake in DoorDash by 23.0% during the third quarter. Stifel Financial Corp now owns 21,724 shares of the company’s stock valued at $3,101,000 after acquiring an additional 4,056 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the completion of the sale, the insider now directly owns 105,162 shares of the company’s stock, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares in the company, valued at approximately $2,722,744.32. This trade represents a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 258,523 shares of company stock worth $47,227,120 over the last 90 days. Company insiders own 7.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DASH. UBS Group increased their target price on shares of DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Evercore ISI reiterated an “outperform” rating on shares of DoorDash in a research report on Monday, March 10th. Piper Sandler reiterated a “neutral” rating and set a $210.00 price target (up previously from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. KeyCorp lifted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada lifted their price target on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.29.

DoorDash Trading Down 6.2 %

Shares of NASDAQ DASH opened at $163.16 on Friday. The stock has a market capitalization of $68.54 billion, a price-to-earnings ratio of 604.30 and a beta of 1.69. DoorDash, Inc. has a 12-month low of $99.32 and a 12-month high of $215.25. The firm’s 50-day moving average price is $191.90 and its 200-day moving average price is $173.46.

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.