DoorDash, Inc. $DASH Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 707.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 253,348 shares of the company’s stock after purchasing an additional 221,985 shares during the period. DoorDash comprises about 0.5% of Intech Investment Management LLC’s investment portfolio, making the stock its 24th biggest holding. Intech Investment Management LLC’s holdings in DoorDash were worth $57,378,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Physician Wealth Advisors Inc. lifted its position in shares of DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Eastern Bank lifted its position in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of DoorDash during the fourth quarter worth about $29,000. Finally, Morse Asset Management Inc bought a new position in shares of DoorDash during the third quarter worth about $36,000. Institutional investors own 90.64% of the company’s stock.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash announced a partnership with Dollar Tree to offer on-demand delivery from more than 9,000 stores across 48 states, adding a large retail network and potentially boosting order volume and platform relevance. DoorDash and Dollar Tree Partner to Bring Greater Value and Thrill of the Hunt Discovery On-Demand
• Positive Sentiment: Investor sentiment may also be helped by commentary framing DoorDash as a beneficiary of intensifying food-delivery competition and long-term market share gains, suggesting the stock could have upside if it continues to expand its ecosystem. The Food Delivery War Just Entered Its Final Phase
• Neutral Sentiment: DoorDash also received promotional attention from articles highlighting marketing tie-ins, such as free-broom giveaways in New York and a FIFA/fandom theme, which may boost brand visibility but are unlikely to materially change fundamentals. DoorDash Offers Free Brooms in NYC After Knicks Sweep Cavs in NBA Playoffs DoorDash, FIFA And The New Convenience Playbook For The Age Of Fandom
• Negative Sentiment: Recent insider selling by senior executives, including the chief operating officer and general counsel, may create some caution, although both trades were made under pre-arranged Rule 10b5-1 plans and do not necessarily signal a change in business outlook. COO Prabir Adarkar SEC filing General Counsel Tia Sherringham SEC filing

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Roth Mkm reaffirmed a “neutral” rating and set a $200.00 price target on shares of DoorDash in a research report on Thursday, February 19th. Piper Sandler lowered their target price on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating and set a $275.00 target price on shares of DoorDash in a research note on Thursday, February 19th. Citizens Jmp lowered their target price on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. Finally, Citigroup lowered their target price on shares of DoorDash from $280.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.58.

DoorDash Stock Performance

Shares of DASH stock opened at $156.70 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $162.32 and a two-hundred day moving average of $187.51. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The company has a market cap of $68.28 billion, a P/E ratio of 74.62 and a beta of 1.87.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. DoorDash’s quarterly revenue was up 33.1% compared to the same quarter last year. As a group, analysts anticipate that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 21,433 shares of DoorDash stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the sale, the director owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. The trade was a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Tia Sherringham sold 2,743 shares of DoorDash stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the sale, the general counsel directly owned 128,216 shares in the company, valued at approximately $20,615,850.64. This trade represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 69,808 shares of company stock valued at $11,135,403. Company insiders own 5.83% of the company’s stock.

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.