ING Groep NV Sells 9,756 Shares of DoorDash, Inc. $DASH

ING Groep NV reduced its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,629 shares of the company’s stock after selling 9,756 shares during the quarter. ING Groep NV’s holdings in DoorDash were worth $14,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers increased its position in DoorDash by 1.0% during the third quarter. Rhumbline Advisers now owns 718,411 shares of the company’s stock valued at $195,400,000 after acquiring an additional 7,044 shares during the last quarter. Krilogy Financial LLC bought a new stake in shares of DoorDash during the 3rd quarter valued at about $1,975,000. Advisors Asset Management Inc. increased its position in shares of DoorDash by 27.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 48,286 shares of the company’s stock valued at $13,133,000 after purchasing an additional 10,365 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of DoorDash by 15.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,416 shares of the company’s stock worth $385,000 after purchasing an additional 186 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in shares of DoorDash by 0.5% in the third quarter. Wealthfront Advisers LLC now owns 73,462 shares of the company’s stock worth $19,981,000 after buying an additional 393 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DASH has been the topic of several analyst reports. Royal Bank Of Canada dropped their price target on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Citigroup restated a “market outperform” rating on shares of DoorDash in a research report on Monday, November 24th. BNP Paribas Exane assumed coverage on DoorDash in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 price objective on the stock. Needham & Company LLC cut their price objective on DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Finally, Jefferies Financial Group increased their target price on shares of DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $280.24.

Insider Buying and Selling at DoorDash

In other news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $181.28, for a total value of $226,600.00. Following the completion of the sale, the director directly owned 32,252 shares of the company’s stock, valued at $5,846,642.56. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 604,135 shares of company stock valued at $124,509,080. Corporate insiders own 5.83% of the company’s stock.

DoorDash Trading Down 5.5%

Shares of DASH opened at $175.47 on Thursday. The company’s fifty day moving average is $215.75 and its 200 day moving average is $235.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market capitalization of $75.63 billion, a PE ratio of 89.07 and a beta of 1.77. DoorDash, Inc. has a fifty-two week low of $155.40 and a fifty-two week high of $285.50.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Reminder of recurring grocery demand and partnership revenue: Coverage of Kroger’s turnaround highlights DoorDash as a continuing last‑mile partner for grocers — a signal that DoorDash can capture recurring, higher‑margin grocery/retail delivery revenue. Read More.
• Positive Sentiment: Fraud enforcement reduces a prior loss source: Sentencing in a $2.5M “phantom orders” scheme and related convictions suggest the company’s anti‑fraud measures and law‑enforcement cooperation are producing outcomes that limit future fraud losses. Read More.
• Neutral Sentiment: Noisy short‑interest data: Feeds show a “large increase” in short interest but published figures are inconsistent/erroneous (zeros/NaN). Until cleaned up, short‑interest reporting is unlikely to be a reliable driver of price action. (internal short‑interest entries)
• Neutral Sentiment: Analyst and earnings previews keep expectations cautious: Zacks flagged DoorDash as lacking the ideal setup for an earnings beat and broader valuation writeups call the stock’s P/E rich after recent weakness — this keeps upside limited until results and guidance land. Read More.
• Negative Sentiment: Insider selling: Director Shona L. Brown sold 1,250 shares (~3.7% reduction in her stake) at about $181 on Feb. 9 — a modest sale but one that can create negative headlines while sentiment is fragile. Read More.
• Negative Sentiment: Fatal hit‑and‑run and resulting lawsuits raise legal/reputational risk: Coverage of a Queens hit‑and‑run involving a DoorDash driver and subsequent family lawsuits could increase potential liability and regulatory scrutiny; such incidents weigh on investor sentiment. Read More.
• Negative Sentiment: Multiple driver incidents and legal claims add operational noise: Recent reports about driver arrests, a tasing incident, and immigration-related fallout increase perceived compliance and oversight costs for the platform. Read More.
• Negative Sentiment: Ongoing litigation headline risk: Multiple lawsuits tied to driver conduct remain pending—these could produce settlements, higher insurance or compliance costs, and continued negative press. 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.