Sequoia Financial Advisors LLC Has $18.38 Million Stake in DoorDash, Inc. $DASH

Sequoia Financial Advisors LLC lifted its stake in DoorDash, Inc. (NASDAQ:DASH) by 1,148.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,622 shares of the company’s stock after acquiring an additional 91,644 shares during the period. Sequoia Financial Advisors LLC’s holdings in DoorDash were worth $18,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares during the period. Empowered Funds LLC lifted its stake in shares of DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after buying an additional 285 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after buying an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in shares of DoorDash during the 2nd quarter worth $222,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Up 1.9%

Shares of DASH opened at $201.03 on Friday. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $87.11 billion, a price-to-earnings ratio of 105.25 and a beta of 1.79. The stock’s 50-day moving average price is $205.01 and its 200 day moving average price is $179.54.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the company earned $0.65 EPS. The company’s revenue was up 35.6% on a year-over-year basis. As a group, research analysts predict that DoorDash, Inc. will post 2.49 earnings per share for the current year.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Scotiabank began coverage of DoorDash with a “sector outperform” rating and a $275 price target, supporting the bullish case for continued growth in delivery, retail and local-commerce services. Scotiabank DoorDash coverage
• Positive Sentiment: Analyst sentiment remains favorable, with DoorDash receiving a consensus “Moderate Buy” rating and an average price target of approximately $256.97. Existing bullish views cite strong revenue growth, increasing DashPass adoption and margin expansion. DoorDash consensus analyst rating
• Positive Sentiment: DoorDash’s recent partnership and advertising activity, including expanded retail delivery efforts, could broaden the platform beyond restaurants and create additional order-frequency opportunities, though the near-term earnings impact is uncertain. Windsor DoorDash partnership
• Neutral Sentiment: The reported September short-interest data shows zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. Because the figures appear unreliable, they provide no meaningful trading signal.
• Negative Sentiment: Director Andy Fang sold 15,000 shares for about $3.42 million under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction reduces its significance, but insider selling may weigh on sentiment while DoorDash trades at a high earnings multiple. DoorDash director stock sale

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 29,567 shares of the company’s stock in a transaction 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 directly owned 1,500 shares in the company, valued at approximately $345,000. This represents a 95.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 55,289 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $231.76, for a total value of $12,813,778.64. Following the completion of the transaction, the chief operating officer directly owned 930,211 shares of the company’s stock, valued at approximately $215,585,701.36. This trade represents a 5.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 399,553 shares of company stock valued at $87,034,140. Company insiders own 44.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of DoorDash in a report on Thursday, August 6th. Jefferies Financial Group boosted their price objective on DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Truist Financial increased their target price on DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Rosenblatt Securities assumed coverage on DoorDash in a report on Tuesday, September 1st. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Argus set a $190.00 price target on DoorDash in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $257.47.

About DoorDash

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.