DoorDash, Inc. $DASH Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,265,406 shares of the company’s stock after purchasing an additional 126,457 shares during the quarter. Legal & General Group Plc’s holdings in DoorDash were worth $616,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of DoorDash by 2,760.0% in the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after buying an additional 138 shares during the last quarter. Rossby Financial LCC boosted its stake in shares of DoorDash by 127.8% in the third quarter. Rossby Financial LCC now owns 164 shares of the company’s stock worth $44,000 after buying an additional 92 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in DoorDash by 74.3% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock worth $48,000 after acquiring an additional 75 shares during the period. Finally, Asset Planning Inc acquired a new stake in DoorDash during the third quarter worth about $50,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total transaction of $218,797.38. Following the completion of the transaction, the chief financial officer directly owned 208,412 shares in the company, valued at approximately $44,837,757.68. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 15,000 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the transaction, the chief operating officer directly owned 874,130 shares in the company, valued at approximately $178,838,256.70. The trade was a 1.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 204,159 shares of company stock worth $45,111,536 in the last ninety days. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $169.93 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The business’s 50 day moving average is $194.30 and its two-hundred day moving average is $224.29. The company has a market capitalization of $73.82 billion, a P/E ratio of 80.16 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. Analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Promotions: DoorDash appears in roundups of gift-card deals that can drive near-term order volume and pre-paid cash flow for the platform. Gift card deals
• Neutral Sentiment: Short-interest report looks anomalous (shows increases but lists zero shares/NaN), suggesting a data/reporting error rather than a material change in bearish positioning; monitor for corrected filings.
• Neutral Sentiment: Brand engagement pieces (e.g., local Easter candy popularity) and consumer-interest stories are marketing touchpoints but unlikely to move fundamentals. Easter candy story
• Negative Sentiment: Data breach: DoorDash notified users of a breach, which raises short-term reputational risk, potential remediation costs and regulatory scrutiny—negative for sentiment until scope and impact are clarified. Data breach
• Negative Sentiment: Analyst/valuation pressure: A Zacks piece highlights DASH’s ~32% decline over six months, citing fierce competition and valuation concerns despite order growth—reinforces bearish investor narratives. Zacks valuation piece
• Negative Sentiment: Driver-related safety & operational stories: multiple reports of scams targeting drivers, an arrest of a DoorDash driver, and customer complaints about driver responsibilities create incremental reputational and operational concerns that could pressure margins or recruitment. Driver scam Driver arrest Driver responsibility complaint

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of analyst reports. Truist Financial boosted their price target on DoorDash from $330.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, February 19th. BNP Paribas Exane began coverage on shares of DoorDash in a research note on Wednesday, January 14th. They set an “outperform” rating and a $280.00 price objective on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $220.00 target price (down from $230.00) on shares of DoorDash in a report on Thursday, February 19th. Bank of America boosted their target price on shares of DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group set a $267.00 price target on shares of DoorDash in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $262.82.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.