DoorDash, Inc. $DASH Stock Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in DoorDash, Inc. (NASDAQ:DASH) by 375.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 176,231 shares of the company’s stock after buying an additional 139,152 shares during the period. State of Alaska Department of Revenue’s holdings in DoorDash were worth $32,347,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of DoorDash by 8.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,536,599 shares of the company’s stock valued at $1,247,961,000 after acquiring an additional 427,031 shares during the last quarter. Temasek Holdings Private Ltd lifted its holdings in DoorDash by 49.4% during the first 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. Bank of America Corp DE boosted its position in DoorDash by 18.4% in the first 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. Artisan Partners Limited Partnership boosted its position in DoorDash by 23.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,695,291 shares of the company’s stock worth $383,950,000 after purchasing an additional 324,812 shares during the last quarter. Finally, Amundi boosted its position in DoorDash by 31.1% in the first quarter. Amundi now owns 2,315,722 shares of the company’s stock worth $347,706,000 after purchasing an additional 549,387 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DASH. Rosenblatt Securities initiated coverage on DoorDash in a research report on Tuesday, September 1st. They set a “buy” rating and a $270.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on DoorDash from $255.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. TD Cowen boosted their price target on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup restated a “market outperform” rating on shares of DoorDash in a research report on Wednesday, September 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $265.00 price target on shares of DoorDash in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $254.95.

Insider Buying and Selling

In related news, Director Andy Fang sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $183.69, for a total value of $918,450.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $180.85, for a total transaction of $1,580,267.30. Following the transaction, the chief operating officer owned 921,473 shares of the company’s stock, valued at $166,648,392.05. This represents a 0.94% 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 have sold a total of 393,998 shares of company stock worth $85,861,330 in the last quarter. 44.90% of the stock is currently owned by company insiders.

DoorDash Stock Performance

NASDAQ DASH traded up $6.56 on Thursday, hitting $190.57. 1,324,212 shares of the stock traded hands, compared to its average volume of 4,596,502. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The business’s fifty day moving average is $205.78 and its two-hundred day moving average is $183.57. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The firm has a market capitalization of $82.57 billion, a price-to-earnings ratio of 99.74 and a beta of 1.90.

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

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is partnering with Woolworths Group to add BIG W to its Australian marketplace, offering more than 35,000 everyday products with delivery potentially within 60 minutes. The agreement broadens DoorDash’s retail assortment and could increase order frequency beyond restaurants. BIG W Lands on DoorDash App
• Positive Sentiment: DoorDash launched an on-demand apparel delivery partnership with SKIMS, supported by marketing involving Kim Kardashian. The collaboration may raise awareness of DoorDash’s broader commerce and delivery capabilities. SKIMS and DoorDash Partnership
• Positive Sentiment: Investors purchased 35,208 DASH call options, roughly 256% above typical daily call volume. The activity suggests increased speculative interest and potentially bullish positioning, although options volume alone does not guarantee sustained buying.
• Neutral Sentiment: DoorDash continues to highlight local merchants and delivery workers through restaurant rankings and regional stories, but these items are unlikely to materially affect near-term valuation.
• Negative Sentiment: CFO Ravi Inukonda sold 1,017 shares for approximately $198,315. The transaction represented only a 0.46% reduction in his holdings and was executed under a pre-arranged Rule 10b5-1 plan, limiting its significance as a bearish signal. DoorDash CFO Stock Sale
• Negative Sentiment: A woman reportedly sued DoorDash, alleging that a delivery driver assaulted her following a vodka delivery. The claim could create legal, reputational, and safety-related costs, although the allegations remain unresolved. Woman Sues DoorDash Over Alleged Assault

DoorDash Company Profile

DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.

DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.