Sowell Financial Services LLC Buys 19,799 Shares of DoorDash, Inc. $DASH

Sowell Financial Services LLC lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 702.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 22,617 shares of the company’s stock after purchasing an additional 19,799 shares during the period. Sowell Financial Services LLC’s holdings in DoorDash were worth $4,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DASH. Robeco Institutional Asset Management B.V. boosted its stake in DoorDash by 2,304.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock worth $633,635,000 after buying an additional 3,308,512 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of DoorDash by 372.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock worth $575,928,000 after acquiring an additional 2,472,980 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock worth $1,159,377,000 after acquiring an additional 2,225,954 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of DoorDash by 15,993.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,216,478 shares of the company’s stock worth $223,285,000 after acquiring an additional 1,208,919 shares during the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings in shares of DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock worth $519,744,000 after acquiring an additional 1,145,078 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BTIG reaffirmed its “Buy” rating and set a $225 price target, implying substantial upside from the reference price. The call may support investor confidence despite DoorDash’s premium valuation and recent earnings-per-share shortfall. Source: Benzinga.
• Positive Sentiment: DoorDash highlighted leading pizzerias in Chicago, New York, New Jersey and other markets through its national Top Pizza Spots list. The promotion reinforces consumer engagement, restaurant relationships and DoorDash’s brand visibility. Chicago pizzerias named to DoorDash Top Pizza Spots list
• Neutral Sentiment: Articles described customers trying restaurants and menu items available through DoorDash. These stories provide consumer exposure but are unlikely to materially affect revenue or valuation. New York pizzerias on DoorDash list
• Negative Sentiment: Grubhub’s co-founder has returned to compete with DoorDash, while a separate emerging delivery rival is promoting a model designed to eliminate customer fees. Increased price competition could pressure DoorDash’s take rates, promotions and customer retention. Grubhub co-founder challenges DoorDash
• Negative Sentiment: Several reports involved violent attacks on people making DoorDash deliveries, including the death of a driver and the shooting of a teenage relative. Although the incidents were not presented as corporate misconduct, they could renew concerns about courier safety, insurance costs and reputational risk. Reports of violence during DoorDash deliveries
• Negative Sentiment: A separate report said two children were left at a customer’s home instead of a food delivery, adding to unfavorable coverage around delivery-process controls. The direct financial impact appears limited, but repeated incidents may affect trust. Children reportedly left at DoorDash customer’s home

Analyst Ratings Changes

Several brokerages have recently weighed in on DASH. The Goldman Sachs Group lowered their price target on shares of DoorDash from $280.00 to $275.00 in a research report on Thursday, August 6th. Bank of America reissued a “buy” rating on shares of DoorDash in a report on Thursday, August 6th. Argus raised their price objective on shares of DoorDash from $190.00 to $270.00 in a research report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DoorDash from $255.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Jefferies Financial Group lifted their target price on shares of DoorDash from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.95.

Insider Activity

In related news, Director Andy Fang sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $183.69, for a total transaction of $918,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the completion of the sale, the chief operating officer owned 921,473 shares in the company, valued at approximately $166,648,392.05. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 393,998 shares of company stock worth $85,861,330. 44.90% of the stock is currently owned by corporate insiders.

DoorDash Price Performance

DASH stock opened at $184.45 on Thursday. The business has a fifty day moving average of $203.54 and a two-hundred day moving average of $184.98. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $79.92 billion, a price-to-earnings ratio of 96.57 and a beta of 1.90. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $269.00.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. DoorDash’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, research analysts anticipate that DoorDash, Inc. will post 2.51 earnings per share for the current year.

DoorDash Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.