Capital Analysts LLC Increases Stock Position in DoorDash, Inc. $DASH

Capital Analysts LLC raised its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 12,352.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,230 shares of the company’s stock after purchasing an additional 5,188 shares during the quarter. Capital Analysts LLC’s holdings in DoorDash were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DASH. California State Teachers Retirement System raised its position in shares of DoorDash by 16,825.6% during the 2nd quarter. California State Teachers Retirement System now owns 103,516,163 shares of the company’s stock valued at $19,101,838,000 after buying an additional 102,904,566 shares in the last quarter. SC US Ttgp LTD. increased its stake 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 acquiring an additional 506,358 shares during the last quarter. Morgan Stanley increased its stake 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 acquiring an additional 391,596 shares during the last quarter. State Street Corp raised its position in DoorDash by 3.0% during the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock valued at $3,569,568,000 after purchasing an additional 464,448 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position 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 valued at $3,161,234,000 after purchasing an additional 3,447,754 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other DoorDash news, Director Stanley Tang sold 30,835 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $225.98, for a total value of $6,968,093.30. Following the transaction, the director owned 10,361 shares in the company, valued at approximately $2,341,378.78. The trade was a 74.85% decrease in their ownership of the stock. 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, Director Andy Fang sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total transaction of $3,424,650.00. 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. Insiders sold a total of 399,553 shares of company stock worth $87,034,140 over the last ninety days. Insiders own 44.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DASH shares. TD Cowen upped their price objective on DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald raised their price objective on DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Piper Sandler restated a “neutral” rating and issued a $220.00 target price (up from $205.00) on shares of DoorDash in a research report on Thursday, August 6th. BTIG Research reiterated a “buy” rating and set a $225.00 price target on shares of DoorDash in a research report on Thursday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.47.

DoorDash Trading Up 1.9%

Shares of DASH stock opened at $201.03 on Friday. The business has a 50-day moving average of $205.01 and a 200 day moving average of $179.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The stock has a market capitalization of $87.11 billion, a PE ratio of 105.25 and a beta of 1.79.

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

Key Stories Impacting DoorDash

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

DoorDash Profile

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.