Mirae Asset Global Investments Co. Ltd. Purchases New Stake in DoorDash, Inc. $DASH

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 312,867 shares of the company’s stock, valued at approximately $57,427,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of DoorDash as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DASH. JCP Investment Management LLC purchased a new stake in DoorDash during the 1st quarter worth about $991,000. Godsey & Gibb Inc. increased its holdings 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 valued at $97,021,000 after acquiring an additional 528,548 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of DoorDash in the 2nd quarter valued at about $1,024,000. Quantinno Capital Management LP raised its position 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 worth $98,363,000 after acquiring an additional 30,881 shares in the last quarter. Finally, Monetta Financial Services Inc. acquired a new stake in shares of DoorDash during the 2nd quarter worth about $1,015,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Price Performance

Shares of DASH opened at $178.99 on Monday. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $260.74. The company has a market capitalization of $77.56 billion, a price-to-earnings ratio of 73.96 and a beta of 1.98. The firm has a 50-day simple moving average of $197.84 and a 200-day simple moving average of $183.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.25. DoorDash had a return on equity of 10.58% and a net margin of 6.23%. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DASH. Jefferies Financial Group boosted their price objective on shares of DoorDash from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Guggenheim reaffirmed a “buy” rating and issued a $255.00 target price on shares of DoorDash in a research report on Wednesday, October 14th. Wells Fargo & Company dropped their target price on shares of DoorDash from $230.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Friday. Moffett Nathanson cut their price target on shares of DoorDash from $280.00 to $278.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, KeyCorp cut their price target on shares of DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $249.88.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Strong third-quarter results: DoorDash reported adjusted earnings of $1.06 per share, exceeding the $0.81 consensus estimate, while revenue rose 34% year over year to $4.62 billion, also topping expectations. Management said the quarter set records for marketplace gross order volume, revenue and net income. DoorDash third-quarter results
• Positive Sentiment: Analysts still see upside: Wedbush upgraded DASH to “outperform” with a $230 price target, while Cantor Fitzgerald reaffirmed its “overweight” rating with a $240 target. Truist also kept a “buy” rating and raised its target to $340. Wedbush DoorDash rating
• Neutral Sentiment: AI demand remains limited: DoorDash said third-party AI agents generated only several hundred orders out of roughly 993 million quarterly orders. The disclosure reduces immediate fears that AI agents could disrupt its customer relationship, but also indicates that AI-driven ordering has not yet become a meaningful growth catalyst. DoorDash AI agent orders
• Negative Sentiment: Instacart deal creates major uncertainty: DoorDash agreed to acquire Instacart for approximately $17 billion, but the transaction may not close until late 2027 or early 2028. Instacart’s shares remain well below the $65 offer price, signaling investor concern over antitrust approval. Regulators and local officials have warned that the merger could reduce competition, increase prices or weaken gig-worker bargaining power. DoorDash Instacart regulatory risks
• Negative Sentiment: Mixed analyst revisions: Scotiabank lowered its target to $235 while retaining “sector outperform,” and Wells Fargo cut its target to $200 with an “equal weight” rating. Barclays also reduced its target to $205 and maintained “equal weight,” reflecting greater caution around valuation and the acquisition.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 15,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total value of $3,424,650.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,505 shares of DoorDash stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $220.62, for a total value of $4,303,193.10. Following the transaction, the chief financial officer owned 232,938 shares of the company’s stock, valued at $51,390,781.56. This represents a 7.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 326,305 shares of company stock valued at $72,280,083 in the last ninety days. Company insiders own 44.90% of the company’s stock.

DoorDash Company 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.