Fred Alger Management LLC Sells 31,648 Shares of DoorDash, Inc. $DASH

Fred Alger Management LLC trimmed its holdings in shares of DoorDash, Inc. (NASDAQ:DASH) by 23.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,970 shares of the company’s stock after selling 31,648 shares during the quarter. Fred Alger Management LLC’s holdings in DoorDash were worth $28,007,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DASH. Norges Bank bought a new position in shares of DoorDash in the second quarter worth about $1,185,576,000. Vanguard Group Inc. lifted its holdings in DoorDash by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after buying an additional 1,792,799 shares in the last quarter. Scge Management L.P. bought a new stake in DoorDash during the 2nd quarter valued at about $267,463,000. Invesco Ltd. boosted its position in DoorDash by 18.2% in the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock valued at $1,728,667,000 after buying an additional 980,148 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in DoorDash in the 3rd quarter valued at about $259,154,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the completion of the sale, the chief operating officer directly owned 874,130 shares in the company, valued at $178,838,256.70. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $209.01, for a total value of $9,491,144.10. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 205,409 shares of company stock worth $45,332,298. 5.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Citizens Jmp lowered their price target on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a report on Friday, February 20th. UBS Group dropped their price objective on DoorDash from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Oppenheimer reduced their price objective on DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Finally, Needham & Company LLC decreased their target price on DoorDash from $275.00 to $265.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $262.82.

DoorDash Price Performance

NASDAQ DASH opened at $161.36 on Monday. The company has a market cap of $70.10 billion, a PE ratio of 76.11 and a beta of 1.82. The firm’s 50 day moving average price is $190.69 and its 200-day moving average price is $222.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50.

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

Key Headlines Impacting 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.

About DoorDash

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.