Fred Alger Management LLC Cuts Stock Holdings in DoorDash, Inc. $DASH

Fred Alger Management LLC reduced its stake in DoorDash, Inc. (NASDAQ:DASH) by 23.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,970 shares of the company’s stock after selling 31,648 shares during the period. Fred Alger Management LLC’s holdings in DoorDash were worth $28,007,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DASH. American Century Companies Inc. grew its holdings in DoorDash by 5.0% during the 3rd quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after buying an additional 22,944 shares in the last quarter. Greenland Capital Management LP raised its holdings in shares of DoorDash by 637.5% during the 2nd quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock worth $5,811,000 after acquiring an additional 20,376 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of DoorDash during the 3rd quarter worth approximately $3,169,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of DoorDash by 7.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after acquiring an additional 53,722 shares during the last quarter. Finally, Williamson Legacy Group LLC bought a new position in shares of DoorDash during the 2nd quarter valued at approximately $1,264,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity

In other DoorDash news, CEO Tony Xu sold 16,667 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the sale, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 91.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $222.53, for a total transaction of $10,105,087.30. The disclosure for this sale is available in the SEC filing. Insiders sold 205,409 shares of company stock worth $45,332,298 in the last 90 days. Company insiders own 5.83% of the company’s stock.

DoorDash Stock Down 0.2%

Shares of DASH opened at $161.36 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $190.69 and a 200 day moving average of $222.55. The company has a market cap of $70.10 billion, a PE ratio of 76.11 and a beta of 1.82. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50.

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

Analyst Ratings Changes

Several brokerages recently weighed in on DASH. Sanford C. Bernstein reduced their price target on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 19th. Wedbush lifted their price objective on shares of DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Piper Sandler restated a “neutral” rating and issued a $220.00 target price (down from $230.00) on shares of DoorDash in a report on Thursday, February 19th. BNP Paribas Exane began coverage on shares of DoorDash in a research report on Wednesday, January 14th. They set an “outperform” rating and a $280.00 target price on the stock. Finally, Oppenheimer lowered their price target on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $262.82.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Strong marketplace growth: Zacks reports DoorDash’s marketplace GOV jumped ~39% to $29.7B in Q4 2025 and Q1 2026 GOV is projected at $31B–$31.8B, signaling continued demand across restaurants, retail and grocery that supports revenue upside. Read More.
• Positive Sentiment: Retail partnership expansion: Convenience chain Casey’s launched a hunger‑relief campaign with DoorDash — a sign DoorDash is deepening local retail and grocery integrations that can lift GOV and merchant service fees. Read More.
• Positive Sentiment: Strong PR / brand goodwill from viral donor response: Multiple outlets report ~$500K raised for a 78‑year‑old DoorDash driver after a viral delivery video. This goodwill can help consumer sentiment and local brand reputation, though it’s unlikely to move fundamentals materially. Read More.
• Neutral Sentiment: Industry tech developments: Grubhub plans drone trials, joining DoorDash and Uber Eats in delivery experimentation — underscores industry innovation but also rising capex/tech competition risks. Read More.
• Negative Sentiment: Insider selling: Director Shona Brown sold 1,250 shares (disclosed in an SEC filing). While not large relative to institutional ownership, insider sales can weigh on short‑term sentiment. Read More.
• Negative Sentiment: Macro / geopolitical headwinds: Benzinga notes fresh geopolitical turmoil in the Middle East pressured shares — DoorDash is sensitive to consumer spending shifts and market volatility that can reduce order frequency. Read More.
• Negative Sentiment: Driver economics under pressure: Local reporting highlights rising gas prices squeezing Dashers in some regions — higher fuel costs can hurt driver supply, consumer prices, or DoorDash’s commission/marketing dynamics. Read More.

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.