Steadview Capital Management LLC Sells 9,020 Shares of DoorDash, Inc. $DASH

Steadview Capital Management LLC cut its stake in DoorDash, Inc. (NASDAQ:DASH) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,505 shares of the company’s stock after selling 9,020 shares during the period. DoorDash makes up approximately 7.4% of Steadview Capital Management LLC’s holdings, making the stock its 6th largest holding. Steadview Capital Management LLC’s holdings in DoorDash were worth $21,568,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. City State Bank lifted its position in shares of DoorDash by 56.0% during the 3rd quarter. City State Bank now owns 156 shares of the company’s stock valued at $29,000 after acquiring an additional 56 shares during the period. Washington Trust Advisors Inc. grew its holdings in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after acquiring an additional 64 shares during the period. Premier Path Wealth Partners LLC grew its holdings in shares of DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock worth $465,000 after acquiring an additional 67 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of DoorDash by 3.3% in the 1st quarter. V Square Quantitative Management LLC now owns 2,327 shares of the company’s stock worth $349,000 after acquiring an additional 74 shares during the period. Finally, Conning Inc. grew its holdings in shares of DoorDash by 7.2% in the 3rd quarter. Conning Inc. now owns 1,507 shares of the company’s stock worth $277,000 after acquiring an additional 101 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DASH has been the topic of a number of research analyst reports. Benchmark boosted their target price on DoorDash from $270.00 to $295.00 in a research report on Thursday, August 6th. Scotiabank dropped their price target on DoorDash from $275.00 to $235.00 and set a “sector outperform” rating for the company in a research report on Friday. Wedbush upgraded DoorDash from a “neutral” rating to an “outperform” rating and set a $230.00 price target for the company in a research report on Friday. Wells Fargo & Company cut their price target on DoorDash from $230.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Truist Financial boosted their price objective on shares of DoorDash from $336.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $249.88.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Strong third-quarter results: DoorDash reported adjusted earnings of $1.06 per share, exceeding the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion, also topping expectations. Management said the quarter set records for marketplace gross order volume, revenue and net income. DoorDash third-quarter results
• Positive Sentiment: Analysts still see upside: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating with a $240 target. Truist also kept a “buy” rating and raised its target to $340. Wedbush DoorDash rating
• Neutral Sentiment: AI demand remains limited: DoorDash said third-party AI agents generated only several hundred orders out of roughly 993 million quarterly orders. The disclosure reduces immediate fears that AI agents could disrupt its customer relationship, but also indicates that AI-driven ordering has not yet become a meaningful growth catalyst. DoorDash AI agent orders
• Negative Sentiment: Instacart deal creates major uncertainty: DoorDash agreed to acquire Instacart for approximately $17 billion, but the transaction may not close until late 2027 or early 2028. Instacart’s shares remain well below the $65 offer price, signaling investor concern over antitrust approval. Regulators and local officials have warned that the merger could reduce competition, increase prices or weaken gig-worker bargaining power. DoorDash Instacart regulatory risks
• Negative Sentiment: Mixed analyst revisions: Scotiabank lowered its target to $235 while retaining “sector outperform,” and Wells Fargo cut its target to $200 with an “equal weight” rating. Barclays also reduced its target to $205 and maintained “equal weight,” reflecting greater caution around valuation and the acquisition.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 29,567 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $230.00, for a total value of $6,800,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares in the company, valued at $345,000. This represents a 95.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total value of $3,424,650.00. 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 valued at $85,861,330 over the last 90 days. Corporate insiders own 44.90% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $178.99 on Friday. The stock has a fifty day moving average price of $197.84 and a 200 day moving average price of $183.11. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $260.74. The firm has a market capitalization of $77.56 billion, a P/E ratio of 73.96 and a beta of 1.90. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.25. DoorDash had a return on equity of 10.58% and a net margin of 6.23%. The business had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the prior year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 34.0% on a year-over-year basis. Equities 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.