NewEdge Wealth LLC Has $2.17 Million Holdings in DoorDash, Inc. $DASH

NewEdge Wealth LLC raised its stake in DoorDash, Inc. (NASDAQ:DASH) by 94.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,572 shares of the company’s stock after acquiring an additional 4,638 shares during the quarter. NewEdge Wealth LLC’s holdings in DoorDash were worth $2,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DASH. Vanguard Group Inc. increased its position in DoorDash by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after acquiring an additional 1,522,823 shares in the last quarter. Scge Management L.P. acquired a new stake in shares of DoorDash in the 2nd quarter valued at $267,463,000. Invesco Ltd. increased its stake in shares of DoorDash by 18.2% in the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock valued at $1,728,667,000 after buying an additional 980,148 shares during the period. State Street Corp increased its stake in shares of DoorDash by 6.3% in the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock valued at $4,160,529,000 after buying an additional 909,125 shares during the period. Finally, Amundi increased its stake in shares of DoorDash by 66.8% in the 3rd quarter. Amundi now owns 1,700,112 shares of the company’s stock valued at $478,990,000 after buying an additional 681,058 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DASH shares. Moffett Nathanson set a $276.00 target price on DoorDash in a research note on Wednesday, April 15th. Rothschild & Co Redburn set a $350.00 target price on DoorDash in a research note on Tuesday. The Goldman Sachs Group set a $280.00 target price on DoorDash in a research note on Thursday, May 7th. Truist Financial lowered their price target on shares of DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Piper Sandler lowered their price target on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average price target of $259.58.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Analysts cited by Bloomberg say DoorDash could reach 20% of U.S. restaurants by 2035, highlighting the company’s potential to keep expanding its merchant network and deepen its position in restaurant delivery. The same report suggested DoorDash could eventually move into POS hardware, which would broaden its product lineup and increase competition with restaurant payments players like Toast. Article title
• Positive Sentiment: Investor commentary from Artisan Partners said DoorDash’s recent results reinforced market-share gains, supporting the view that the company continues to take share in the food-delivery market and execute well operationally. Article title
• Neutral Sentiment: Several viral or local-news items involving DoorDash — including a customer using AI to secure a refund, a police chase tied to theft, and a lawsuit update — are more reputational than financially material, so they are unlikely to be the main driver of the stock.
• Negative Sentiment: Reports that DoorDash accounts are being rented or stolen online could raise concerns about fraud, platform security, and customer trust, even if the direct financial impact is unclear.
• Negative Sentiment: Talk that DoorDash may face a legal matter in a Kansas death case, even though the family reportedly dropped the company from the lawsuit, could keep some liability overhang in focus.

DoorDash Stock Down 1.4%

Shares of DoorDash stock opened at $155.19 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The business has a fifty day simple moving average of $165.94 and a 200 day simple moving average of $194.87. The stock has a market cap of $67.42 billion, a PE ratio of 73.90 and a beta of 1.87.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. Research analysts predict that DoorDash, Inc. will post 2.45 EPS for the current year.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the transaction, the director owned 31,002 shares in the company, valued at approximately $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Prabir Adarkar sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the transaction, the chief operating officer owned 843,678 shares of the company’s stock, valued at approximately $158,898,314.52. This represents a 1.17% 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. Over the last 90 days, insiders sold 42,683 shares of company stock worth $6,908,813. 5.83% of the stock is currently owned by company insiders.

DoorDash Company 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.