Capital Analysts LLC Buys 5,188 Shares of DoorDash, Inc. $DASH

Capital Analysts LLC boosted its position in DoorDash, Inc. (NASDAQ:DASH) by 12,352.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,230 shares of the company’s stock after purchasing an additional 5,188 shares during the period. Capital Analysts LLC’s holdings in DoorDash were worth $965,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of DoorDash by 16,825.6% in the second quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock valued at $19,101,838,000 after buying an additional 102,904,566 shares during the period. Norges Bank bought a new position in shares of DoorDash during the 4th quarter worth $1,093,650,000. Wellington Management Group LLP increased its holdings in DoorDash by 593.1% in the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock worth $1,241,494,000 after acquiring an additional 4,690,744 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after acquiring an additional 2,225,954 shares during the period. 90.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DASH. TD Cowen increased their target price on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Benchmark cut their price objective on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Cantor Fitzgerald lifted their price objective on shares of DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Scotiabank initiated coverage on shares of DoorDash in a report on Wednesday. They set a “sector outperform” rating and a $275.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $257.47.

DoorDash Trading Up 1.9%

Shares of DoorDash stock opened at $201.03 on Friday. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a market cap of $87.11 billion, a price-to-earnings ratio of 105.25 and a beta of 1.79. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $205.01 and its 200-day moving average price is $179.54.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. DoorDash’s revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. On average, equities analysts expect that DoorDash, Inc. will post 2.49 earnings per share for the current fiscal year.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Scotiabank began coverage of DoorDash with a “sector outperform” rating and a $275 price target, supporting the bullish case for continued growth in delivery, retail and local-commerce services. Scotiabank DoorDash coverage
• Positive Sentiment: Analyst sentiment remains favorable, with DoorDash receiving a consensus “Moderate Buy” rating and an average price target of approximately $256.97. Existing bullish views cite strong revenue growth, increasing DashPass adoption and margin expansion. DoorDash consensus analyst rating
• Positive Sentiment: DoorDash’s recent partnership and advertising activity, including expanded retail delivery efforts, could broaden the platform beyond restaurants and create additional order-frequency opportunities, though the near-term earnings impact is uncertain. Windsor DoorDash partnership
• Neutral Sentiment: The reported September short-interest data shows zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. Because the figures appear unreliable, they provide no meaningful trading signal.
• Negative Sentiment: Director Andy Fang sold 15,000 shares for about $3.42 million under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction reduces its significance, but insider selling may weigh on sentiment while DoorDash trades at a high earnings multiple. DoorDash director stock sale

Insider Activity

In other news, CEO Tony Xu sold 29,567 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $230.00, for a total transaction of $6,800,410.00. Following the completion of the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. The trade was a 95.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 55,289 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total transaction of $12,813,778.64. Following the completion of the transaction, the chief operating officer directly owned 930,211 shares in the company, valued at approximately $215,585,701.36. The trade was a 5.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 399,553 shares of company stock valued at $87,034,140 in the last quarter. 44.90% of the stock is currently owned by company insiders.

DoorDash Profile

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.