Strs Ohio Has $23.01 Million Stock Holdings in DoorDash, Inc. $DASH

Strs Ohio lowered its position in DoorDash, Inc. (NASDAQ:DASH) by 9.4% in the third quarter, Holdings Channel.com reports. The fund owned 84,580 shares of the company’s stock after selling 8,779 shares during the period. Strs Ohio’s holdings in DoorDash were worth $23,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Covenant Asset Management LLC bought a new stake in DoorDash in the 3rd quarter valued at $2,283,000. Simplicity Wealth LLC bought a new stake in DoorDash in the third quarter valued at about $247,000. Twin Peaks Wealth Advisors LLC lifted its stake in DoorDash by 221.9% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 2,797 shares of the company’s stock worth $761,000 after purchasing an additional 1,928 shares during the period. Avidian Wealth Enterprises LLC boosted its holdings in DoorDash by 7.0% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,321 shares of the company’s stock valued at $631,000 after purchasing an additional 152 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in shares of DoorDash in the 3rd quarter valued at approximately $2,053,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Down 0.2%

DASH opened at $207.23 on Friday. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The stock has a market capitalization of $89.32 billion, a PE ratio of 105.19 and a beta of 1.70. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $217.08 and a two-hundred day moving average price of $239.17.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. DoorDash’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. As a group, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

DASH has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on DoorDash from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. DA Davidson restated a “neutral” rating and issued a $260.00 target price on shares of DoorDash in a research note on Thursday, November 6th. Barclays dropped their target price on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Citigroup restated a “market outperform” rating on shares of DoorDash in a research report on Monday, November 24th. Finally, Jefferies Financial Group upped their price objective on shares of DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.26.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash says it applied AI across chat and calls to detect and defuse unsafe interactions, cutting reported incidents by ~50% — a meaningful operational improvement that can reduce liability, lower driver churn and improve marketplace trust. DoorDash Applies AI to Safety Across Chat and Calls, Cutting Incidents by 50%
• Positive Sentiment: Hibbett launched on DoorDash nationwide, expanding DoorDash’s retail assortment beyond food and groceries — a distribution win that supports revenue diversification and incremental GMV. Hibbett Launches on DoorDash
• Neutral Sentiment: Severe weather coverage warns consumers/drivers to avoid driving during a D-FW winter storm — a temporary drop in delivery activity in affected regions but not a company-specific structural issue. Should you Uber, Lyft, Doordash during D-FW winter storm?
• Negative Sentiment: A federal judge rejected DoorDash and Uber’s bid to block New York City’s tipping rules and related mandates (including a required 10% tip prompt) — a legal setback that increases the chance of changes that could boost customer tips but pressure platform commissions and take-rates in a major market. Judge rejects DoorDash, Uber bid to block NYC tipping laws Doordash, Uber fail to stop NYC law requiring 10% tip prompt
• Negative Sentiment: COO Prabir Adarkar sold 15,000 shares (~1.7% reduction of his recent position) — an insider sale that can weigh on sentiment even though his remaining stake remains large. SEC filing and coverage noted the trade. DoorDash COO Prabir Adarkar Sells 15,000 Shares
• Negative Sentiment: KeyCorp cut its price target to $275 — a downward analyst revision that can temper buy-side enthusiasm and price momentum. KeyCorp Lowers DoorDash Price Target
• Negative Sentiment: Recent reports of assaults and a knife threat against DoorDash drivers highlight ongoing safety risks that tie back to liability, insurance and retention costs despite the company’s AI safety push. Police look for man accused of flashing a knife at a DoorDash driver DoorDash driver reports armed robbery during delivery

Insider Activity

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Monday, December 1st. The stock was sold at an average price of $205.07, for a total value of $9,312,228.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $234.57, for a total value of $7,037,100.00. Following the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at approximately $205,044,674.10. The trade was a 3.32% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 632,885 shares of company stock worth $133,222,817. 5.83% of the stock is owned by company insiders.

DoorDash 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.