Harel Insurance Investments & Financial Services Ltd. Has $441,000 Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 488.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,411 shares of the company’s stock after buying an additional 2,001 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in DoorDash were worth $441,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC raised its stake in DoorDash by 24.0% during 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. IFP Advisors Inc raised its position in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after buying an additional 54 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company’s stock valued at $323,000 after buying an additional 512 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of DoorDash in the fourth quarter valued at about $105,000. Finally, Steward Partners Investment Advisory LLC grew its position in DoorDash by 66.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company’s stock worth $208,000 after buying an additional 495 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total transaction of $7,219,800.00. Following the transaction, the director owned 22,545 shares in the company, valued at approximately $5,425,679.70. This trade represents a 57.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 20,000 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $247.00, for a total value of $4,940,000.00. Following the completion of the sale, the chief financial officer directly owned 245,530 shares of the company’s stock, valued at approximately $60,645,910. This trade represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,781 shares of company stock valued at $94,277,848 over the last quarter. 5.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on DASH shares. DA Davidson upped their price target on DoorDash from $150.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $230.00 price target on shares of DoorDash in a research note on Wednesday, May 7th. Wells Fargo & Company lowered their price target on shares of DoorDash from $201.00 to $198.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 7th. Evercore ISI reaffirmed an “outperform” rating on shares of DoorDash in a report on Monday, March 10th. Finally, Stifel Nicolaus set a $198.00 target price on shares of DoorDash and gave the company a “hold” rating in a research report on Tuesday, June 10th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $219.32.

DoorDash Trading Down 0.0%

Shares of NASDAQ DASH opened at $238.76 on Friday. The firm has a market capitalization of $101.17 billion, a PE ratio of 310.08 and a beta of 1.70. The firm’s 50-day moving average is $211.96 and its 200-day moving average is $193.51. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $248.74.

DoorDash (NASDAQ:DASH) last released its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) EPS. As a group, equities research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

DoorDash 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.