Groupama Asset Managment Sells 2,630 Shares of DoorDash, Inc. $DASH

Groupama Asset Managment cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 62.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,591 shares of the company’s stock after selling 2,630 shares during the quarter. Groupama Asset Managment’s holdings in DoorDash were worth $239,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of DoorDash by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock worth $9,835,229,000 after purchasing an additional 713,571 shares in the last quarter. SC US Ttgp LTD. boosted its position in DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after buying an additional 506,358 shares in the last quarter. Morgan Stanley boosted its position in DoorDash by 2.3% in the fourth quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after buying an additional 391,596 shares in the last quarter. State Street Corp grew its stake in DoorDash by 3.0% during the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after buying an additional 464,448 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in DoorDash by 32.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after buying an additional 3,447,754 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: UBS raised its DoorDash price target from $214 to $223 while maintaining a neutral rating, citing enough potential upside to support the higher target. Benzinga
• Positive Sentiment: Benchmark lowered its target from $285 to $270 but kept a buy rating. The revised target still implies substantial upside, signaling continued confidence in DoorDash’s longer-term growth. The Fly
• Positive Sentiment: Analysts expect strong Q2 demand, increasing order volume and continued grocery momentum. Investors will focus on gross bookings, revenue growth, profitability and management’s outlook when results are released Aug. 5. DoorDash Q2 Earnings Preview
• Neutral Sentiment: DoorDash is exploring drone delivery and is using its Dot robots for restaurant-to-customer deliveries. These initiatives could eventually reduce delivery costs and expand capacity, but they remain early-stage and require substantial investment. DoorDash Drone Delivery
• Neutral Sentiment: A viral story about a creator donating to a DoorDash driver’s wedding provides favorable publicity but has no clear financial effect on DASH. DoorDash Driver Wedding Donation
• Negative Sentiment: Reports that gig workers must load restaurant orders into Dot robots highlight a current automation limitation. Added labor costs undermine the near-term efficiency benefits and reinforce concerns about heavy investment spending and competition. DoorDash Robot Loading Costs

DoorDash Price Performance

Shares of DASH stock opened at $200.50 on Tuesday. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50. The firm’s 50 day moving average is $176.41 and its 200-day moving average is $174.52. The firm has a market capitalization of $87.36 billion, a price-to-earnings ratio of 95.48 and a beta of 1.78. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. DoorDash’s revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts forecast that DoorDash, Inc. will post 2.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DASH. TD Cowen reaffirmed a “buy” rating on shares of DoorDash in a report on Wednesday, July 15th. Stifel Nicolaus reduced their target price on DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Citigroup restated a “market outperform” rating on shares of DoorDash in a research report on Monday, June 22nd. Benchmark dropped their price target on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a report on Monday. Finally, Argus set a $190.00 price objective on DoorDash in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $252.72.

Insider Activity

In other news, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total value of $3,590,623.80. Following the sale, the chief financial officer owned 252,443 shares of the company’s stock, valued at approximately $47,469,381.72. The trade was a 7.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 74,927 shares of company stock worth $13,241,532. 5.28% of the stock is owned by company insiders.

DoorDash Profile

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.