Ritholtz Wealth Management purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) in the 3rd quarter, Holdings Channel reports. The fund purchased 69,460 shares of the company’s stock, valued at approximately $12,749,000.
Several other institutional investors have also modified their holdings of DASH. Janus Henderson Group PLC lifted its position 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 purchasing an additional 2,225,954 shares during the last quarter. Temasek Holdings Private Ltd grew its position in DoorDash by 49.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company’s stock worth $519,744,000 after purchasing an additional 1,145,078 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in DoorDash by 2,304.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,452,110 shares of the company’s stock worth $633,635,000 after purchasing an additional 3,308,512 shares during the last quarter. Bank of America Corp DE grew its position in DoorDash by 18.4% in the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after purchasing an additional 536,080 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of DoorDash by 372.0% in the third quarter. Assenagon Asset Management S.A. now owns 3,137,719 shares of the company’s stock valued at $575,928,000 after purchasing an additional 2,472,980 shares during the period. Institutional investors own 90.64% of the company’s stock.
Analysts Set New Price Targets
DASH has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $250.00 price target on shares of DoorDash in a report on Friday, October 30th. Benchmark increased their price objective on DoorDash from $270.00 to $295.00 in a report on Thursday, August 6th. Wells Fargo & Company decreased their price objective on DoorDash from $230.00 to $200.00 and set an “equal weight” rating for the company in a report on Friday, October 30th. Mizuho set a $255.00 target price on DoorDash in a research report on Friday, October 30th. Finally, Evercore reaffirmed an “outperform” rating on shares of DoorDash in a research note on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.82.
Insider Buying and Selling
In other news, CFO Ravi Inukonda sold 1,017 shares of DoorDash stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $195.00, for a total value of $198,315.00. Following the transaction, the chief financial officer owned 217,911 shares of the company’s stock, valued at $42,492,645. The trade was a 0.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $188.71, for a total transaction of $4,363,918.75. Following the completion of the sale, the director owned 10,361 shares in the company, valued at $1,955,224.31. The trade was a 69.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 349,430 shares of company stock worth $76,644,002 in the last ninety days. Insiders own 44.90% of the company’s stock.
DoorDash Trading Up 0.0%
Shares of DoorDash stock opened at $178.26 on Thursday. The business has a fifty day simple moving average of $190.24 and a 200-day simple moving average of $182.09. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $239.00. The firm has a market cap of $77.72 billion, a price-to-earnings ratio of 73.66, a price-to-earnings-growth ratio of 1.47 and a beta of 1.98. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.25.
DoorDash (NASDAQ:DASH – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.25. DoorDash had a return on equity of 10.40% and a net margin of 6.23%. The firm had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period in the previous year, the company earned $0.55 earnings per share. DoorDash’s revenue was up 34.0% compared to the same quarter last year. On average, equities analysts forecast that DoorDash, Inc. will post 2.69 EPS for the current fiscal year.
More DoorDash News
Here’s some of the latest news about DASH:
- Neutral Sentiment: Coverage highlights DoorDash’s $17 billion Instacart deal and its implications for online pricing and local commerce. The combination could broaden DoorDash’s reach, but pricing dynamics and integration remain important execution questions for investors. DoorDash Is Growing Fast, but Its $17 Billion Instacart Deal Takes Center Stage DoorDash-Instacart combination shines a spotlight on e-commerce pricing
- Neutral Sentiment: Reports say AI agents have generated only a small number of food and ride orders on platforms such as DoorDash, suggesting limited near-term impact from this potential ordering channel. Almost nobody uses AI agents to order food or rides on apps like Uber
- Negative Sentiment: A report describes a company seeking to compete with DoorDash and Uber Eats using their own delivery workers, underscoring ongoing competitive pressure; the article provides no evidence of a material near-term effect on DoorDash. This CEO wants to take on DoorDash and Uber Eats using their own delivery workers
DoorDash Company Profile
DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.
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