DoorDash, Inc. $DASH Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. increased its position in DoorDash, Inc. (NASDAQ:DASH) by 27.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,415 shares of the company’s stock after purchasing an additional 4,980 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in DoorDash were worth $4,381,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JCP Investment Management LLC bought a new stake in DoorDash in the first quarter valued at $991,000. Plato Investment Management Ltd purchased a new stake in shares of DoorDash in the 2nd quarter worth about $1,024,000. Godsey & Gibb Inc. lifted its position in shares of DoorDash by 1,510,137.1% in the 3rd quarter. Godsey & Gibb Inc. now owns 528,583 shares of the company’s stock worth $97,021,000 after purchasing an additional 528,548 shares during the period. Quantinno Capital Management LP boosted its stake in shares of DoorDash by 4.9% during the 1st quarter. Quantinno Capital Management LP now owns 655,095 shares of the company’s stock valued at $98,363,000 after purchasing an additional 30,881 shares in the last quarter. Finally, Monetta Financial Services Inc. purchased a new position in shares of DoorDash during the second quarter valued at about $1,015,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Up 5.6%

Shares of DoorDash stock opened at $179.00 on Friday. The company has a 50-day simple moving average of $198.71 and a two-hundred day simple moving average of $183.29. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $265.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $77.56 billion, a PE ratio of 93.72 and a beta of 1.90.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. On average, analysts anticipate that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 1,017 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $195.00, for a total transaction of $198,315.00. Following the completion of the sale, the chief financial officer directly owned 217,911 shares in the company, valued at approximately $42,492,645. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total transaction of $918,450.00. 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. Over the last three months, insiders sold 393,998 shares of company stock valued at $85,861,330. Company insiders own 44.90% of the company’s stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Q3 earnings beat expectations. DoorDash reported adjusted earnings of $1.06 per share, versus the $0.81 analyst consensus, while revenue rose 34% year over year to $4.62 billion, topping estimates of $4.56 billion. The company said it set quarterly records for marketplace gross order volume, revenue and net income. DoorDash Q3 earnings report
• Positive Sentiment: Instacart acquisition expands DoorDash’s grocery opportunity. The cash-and-stock deal would combine DoorDash’s restaurant-delivery scale with Instacart’s grocery marketplace, strengthening the company’s position in local commerce and helping it compete with Amazon and Walmart. Both brands are expected to remain in operation, while the transaction could create cross-selling and delivery-network efficiencies. Closing is expected in late 2027 or the first half of 2028. DoorDash to acquire Instacart
• Neutral Sentiment: Instacart brings solid operating momentum. Instacart reported third-quarter gross transaction volume growth of 15%, revenue growth of 17%, and adjusted EBITDA growth of 23%, providing DoorDash with a growing grocery platform but also adding significant integration responsibilities. Instacart third-quarter results
• Negative Sentiment: Investors face execution, dilution and regulatory risks. The $17 billion purchase price is substantial, and the cash-and-stock structure could dilute DoorDash shareholders and pressure returns if anticipated synergies fail to materialize. Critics, including New York City Mayor Zohran Mamdani, warned that reduced competition could lead to higher customer prices and weaker worker conditions, potentially increasing antitrust and political scrutiny. Criticism of the DoorDash Instacart deal

Analyst Ratings Changes

A number of equities analysts recently issued reports on DASH shares. Sanford C. Bernstein reissued an “outperform” rating on shares of DoorDash in a research note on Thursday, September 3rd. JPMorgan Chase & Co. increased their target price on DoorDash from $250.00 to $262.00 in a research report on Wednesday, August 5th. Zacks Research upgraded DoorDash from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Moffett Nathanson dropped their price target on DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, UBS Group reaffirmed a “buy” rating and issued a $295.00 price target on shares of DoorDash in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and two have 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 $254.95.

DoorDash Profile

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.